Pandaily's Digest #20201214
Alibaba Investment, China Literature and Hive Box Fined RMB 1.5M for Anti-Monopoly Violation; China to Lead the Global Motor Vehicle Market; DNA Tests, Semiconductor Design and EVs
Dear friends of Pandaily🐼 ,
We’ve organized a WhatsApp group and can’t wait for you to join us! 📢
In the group, you can exchange ideas about China’s tech and business sphere and what you think about Pandaily’s articles, posts and podcast. We are thrilled to know what stories and topics you want to see in our future content. 💡
And you are also welcomed to just drop by and say hi! 👋 Scan the QR code using the WhatsApp camera to join us in the chatroom! 💬
You can also click on the link below to join 🔗
https://chat.whatsapp.com/LbYLkAsuLdBIrxjYtQ1y4U
Alibaba Investment, China Literature and Hive Box Fined RMB 1.5M for Anti-Monopoly Violation
On Dec. 14, Alibaba Investment, China Literature, and Hive Box were fined an overall 1.5 million yuan for violating the anti-monopoly law, according to a notice from the State Administration for Market Regulation.
Eclipsed by Its Predecessor, Double 12’s Statistics Revealed
Compared to the grand scale of the Double 11 shopping festival and its spectacular performance reports from e-commerce platforms, Double 12, which took place on Dec. 12, appeared to be more low-key without ubiquitous campaigns and great discounts. Taobao, JD.com, Pinduoduo and other online shopping sites didn’t publish sales statistics of Double 12 either.
Chinese Firm Develops Copper-infused Face Mask with Self-sanitizing Properties to Battle Covid-19
A manufacturer in east China has developed the world’s first non-woven antimicrobial face mask embedded with copper, and said the product has been scientifically proven to reduce the transmission of Covid-19 by 99%.
China to Lead the Global Motor Vehicle Market
On Dec.13, the Intelligent Electric Vehicle Summit Forum was held in Shanghai. Fu Bingfeng, the executive vice president of the China Association of Automobile Manufacturers, said during the conference that China will become the largest motor vehicle owner in the world by the end of 2020.
China VC Weekly: DNA Tests, Semiconductor Design and EVs
Three of the most interesting VC wins of last week included Chinese DNA test company Genebox bagging a Series A+ round to expand in China’s growing test market; semiconductor design software firm X-Epic raising over $30 million to capitalize on domestic opportunities brought on by the Sino-US trade war; and EV brand Nezha netting a hefty $305.5 million first Series C tranche beating the company’s expectations.
Kuaishou Affiliate Becomes Second-largest Shareholder of Gaming Startup Rhinos Interactive
Web game developer Rhinos Interactive indicated on Dec. 8 that Muyuan Technology, one of Kuaishou’s affiliated companies, has become its second largest shareholder, according to data technology service provider Qcc.
Pinduoduo Partners with Mango TV to Host Double 12 Super Night Gala
On Dec. 11, Pinduoduo, China’s leading interactive e-commerce platform, partnered with Mango TV, Hunan’s provincial satellite TV, to present a live broadcast of the “Double 12 Super Night Gala.”
About Us 🐼
Pandaily is a Beijing-based media that covers China’s technology landscape and unicorns that drive its innovation. We also generate premium content with contextual insights on Chinese business, sports and culture. Make sure to subscribe to Pandaily's newsletter which is published every Monday, Wednesday and Friday so you don't miss out the latest China tech news! You can also reach us via contact@pandaily.com for questions and ideas.