Pandaily’s Digest #20210127
Huawei Denies Plans to Sell Mobile Phone Business
Chinese smartphone maker Huawei said it has no plans to sell its mobile phone business at all, countering a Reuters report which cited people with knowledge of the matter as saying the company is in talks to sell its premium smartphone brands P and Mate.
India Permanently Bans 59 Chinese APPs Including Tech Giants TikTok and Wechat
On Jan.25, India’s Ministry of Electronics and Information Technology raised a permanent ban on 59 Chinese applications.
K12 Education Company Huohua Siwei Finishes Series E Financing, Raising Over $400M
Online K-12 education platform Huohua Siwei recently completed a Series E round of financing, raising more than $400 million through three stages - the E1, E2 and E3, respectively - of fundraising.
China VC Weekly: Lalamove’s Big Move and More
Lalamove is steadily moving towards completing its financing target of $1.5 billion. Matrix Partners China announced a new flagship fund of roughly $1.2 billion. VSPN and Uisee both raised serious capital.
Faraday Future in Funding Talks with Geely, Evergrande to Push EV Production in China
Electric vehicle startup Faraday Future is ramping up efforts to launch its fully electric vehicles in China and seeking a new round of financing, according to multiple reports.
ByteDance’s Douyin Becomes Exclusive Red Envelope Interactive Partner of 2021 Spring Festival Gala
On the evening of Jan. 26, Zhang Nan, CEO of ByteDance China, issued an internal letter to the staff, announcing that Douyin, the Chinese version of TikTok, will be the exclusive red envelope interactive partner of the 2021 Spring Festival Gala.
President Biden Reviews U.S.-China Relations and Huawei Dispute
White House Press Secretary Jen Psaki made a debut announcement on President Biden’s take on the Sino-American relationship and Huawei Dispute.
Chinese EV Maker XPeng “Not Affected by Chip Shortage”, Aims to Launch New Model in Q4
Chinese electric carmaker XPeng Motors said it has not been affected by the global chip supply shortage and plans to launch its third production model in the fourth quarter of 2021.
Why Role-Playing Murder Mystery Game is Popular in China?
Live Action Role Playing (LARP) games, or Jubensha (translated to “Script Murder”) is a huge hit among younger generations.
OnePlus Co-founder Carl Pei Obtains $7M Financing For New Startup Nothing
OnePlus co-founder Carl Pei on Jan. 27 announced the establishment of his London-based new consumer technology startup Nothing, which obtained $7 million in fresh capital last December.