Pandaily's Digest #20201130
UK Bans Installation of Huawei Devices from Next Sept, Xiami Said to Shut Down, and Ziroom Acquires Bestbond.
Is Alibaba’s Music Streaming Platform Xiami Shutting Down?
On Nov.29, a post on Sina Weibo, Chinese largest microblogging platform, claimed that Alibaba’s music streaming platform Xiami Music(虾米音乐) is going to close down permanently in January 2021. The author was reportedly Universal Music Marketing Director Xiang Zheng and the post went viral in a few hours with official accounts retweeting it.
Rokid and CNPC Launches World’s First 5G Explosion-Proof AR Headband X-Craft
Chinese AR glasses manufacturer Rokid joined hands with China National Petroleum Corporation (CNPC) to launch a 5G explosion-proof AR headband X-Craft, aiming to promote frontline worker productivity as well as ensure safety in high-risk zones through the remote collaboration system.
UK Bans Installation of Huawei Devices from Sept. 2021
The UK government will ban the installation of Huawei devices in the country’s 5G network development by the end of next September, the Department for Digital, Culture, Media and Sport said last week. The ban is alongside a $333 million (250 million pounds) package effort to diversify wireless 5G resources and clamp down on the Chinese telecom giant.
China VC Weekly: Edtech, Healthcare and China’s “Uber for Trucks”
This week two prominent Chinese online education players received considerable capital injections, with coding tutoring platform Codemao bagging $198 million and ClassIn owner EEO Education raising as much as $265 million. Tencent-backed healthcare crowdfunding platform Waterdrop raked in an additional $150 million from its biggest investor. But the biggest winner of the week was Manbang – China’s “Uber for trucks” – which amassed over $1.7 billion for further expansion and a possible IPO.
Episode 78: China’s Digital Currency Electronic Payment (DCEP) Dreams
Episode 78 of Tech Buzz China features our co-host Rui Ma in conversation with Yán Xiāo 肖妍 on the timely topic of China’s proposed national digital currency.
World’s 10 Best-selling 5G Smartphone You Can Buy Now
Recently a market research company Counterpoint released a report about the global top 10 best-selling 5G smartphones by sales market share for September 2020. According to the report, three out of the top 10 5G phones worldwide were from Samsung, while the others were made by Chinese phone brands Huawei, Honor, OPPO, and vivo.
What Are Chinese Female Shoppers Snapping Up This Winter
On Nov. 25, e-commerce platform Pinduoduo released a list of its top consumer goods for women in early winter. The list makes a statistical analysis of the shopping behavior of female consumers on the platform since the mid of November, which is based on the comprehensive ranking of consumer search, sharing and order index.
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