Pandaily's Digest #20210122
Honor V40 Sells Out within Minutes after Launch; 2020 Bilibili Influencers Report Highlight Growth Brought by Influencers; Vendors on Pinduoduo Under Fire for Selling Live Puppies in “Blind Boxes”
Honor V40 with 50MP Camera, MediaTek Chip Sells Out within Minutes after Launch
Chinese budget smartphone brand Honor officially launched its V40 series on Friday, the company’s debut smartphone model following its separation from Huawei in November last year.
What does the 2020 Bilibili Influencers Report Say About China’s Millennials?
China’s leading video streaming platform Bilibili released its 2020 Bilibili Influencers Report (in Chinese) this week to highlight the significant growth the influencers brought to the platform in the past year.
Vendors on E-commerce Site Pinduoduo Under Fire for Selling Live Puppies in Mystery “Blind Boxes”
Vendors on China’s second-largest online shopping platform Pinduoduo were caught selling live puppies in surprise “blind boxes”, sparking heavy criticism and accusations of animal abuse online.
China’s Leading Mobile Transportation Service DiDi Launches Global Vaccination Support Fund
On Jan. 22, China’s leading ride-hailing service Didi Chuxing (DiDi) launched a Global Vaccination Support Fund, supporting COVID-19 vaccination efforts across DiDi’s global communities.
Shenzhen Launches Third Round of Digital Currency Pilot Testing, Issuing 20M E-Yuan
Chinese esports solution provider VSPN (Versus Programming Network) announced Friday that it has raised a $60 million Series B+ financing round led by Prospect Avenue Capital (PAC). Further investors that participated in the round include Guotai Junan International and Nan Fung Group. In addition, Lighthouse Capital will continue to serve as the exclusive financial advisor for this funding round, according to the announcement.
Shenzhen Launches Third Round of Digital Currency Pilot Testing, Issuing 20M E-Yuan
On Jan. 20, the third round of digital currency pilot testing, part of larger scheme to introduce the E-Yuan in mainland China, was launched in Shenzhen. As part of the project, a total of 20 million digital yuan will be issued to residents of the local Longhua District.
China’s Central Bank Proposes Antitrust Rules for Country’s Booming Online Payments Sector
China’s central bank on Wednesday released a set of proposed guidelines to step up antitrust measures in the country’s booming online payments sector.
Logistics Firm Lalamove Close to Raising $1.5b in Fresh Funding, Reaching $10b Valuation: Report
On-demand logistics and delivery company Lalamove is close to completing a $1.5 billion financing round that would bring its valuation to around $10 billion, according to Chinese media.