Pandaily’s Digest #20210129
Xiaomi Announced the Shutdown of its Instant Messaging (IM) App MiTalk, Ant Group Adjust Quota Management Functions, Pinduoduo Reveals China’s Rising “Single Economy”.
And Then There was One: How Chinese Messaging Apps Tried — and Failed — to Challenge WeChat’s Iron Grip on Social Networking
The smartphone maker Xiaomi announced the shutdown of its instant messaging (IM) app MiTalk last Tuesday. Why Chinese apps weren't able to achieve the same success as WeChat?
Ant Group’s Micro-Lending Platforms Adjust Quota Management Functions
Huabei and Jiebei, two micro-loaning platforms of Ant Group, have launched a quota management function to advocate rational consumption.
Pinduoduo Reveals China’s Rising “Single Economy” Amid Lunar New Year Season
With the Chinese Lunar New Year around the corner, China’s leading interactive e-commerce platform Pinduoduo (PDD) revealed several reports on consumers’ purchasing behaviors. To prevent another round of pandemic resurgence, China’s government called on citizens to stay at home this new year holiday. The rising number of single people in China have resorted to online shopping and spurred new consumption trends in recent days.
EV Maker Faraday Future Goes Public on Nasdaq via Merger with PSAC
Electric vehicle manufacturer Faraday Future has agreed to go public through a merger with the Property Solutions Acquisition Corp (PSAC) — a special purpose acquisition company (SPAC) — with the combined entity valued at $3.4 billion.
China’s Leading Ride Hailing Platform DiDi Releases “2020 in Numbers” Report
With the pandemic sweeping the globe, 2020 undoubtedly went down in history as an unusual year. For China’s leading ride hailing platform DiDi Chuxing (DiDi), the pandemic brought the firm new opportunities and challenges. With 600 million users and driver partners as well as 13,000 corporate employees, DiDi released a “2020 in Numbers” report on Thursday to capture the firm’s highlights from last year.
Fruit Merging Game Goes Viral on WeChat, Taking up Screening Time
Fruit-themed WeChat game Merging Watermelon went viral over the weekend and is still trending on microblogging platform Weibo.
Jihan Wu Resigns as Bitmain CEO to End Power Struggle with Micree Zhan
Jihan Wu, the co-founder of crypto mining products provider Bitmain, announced he will resign as CEO to resolve a year-long dispute with Micree Zhan, the other co-founder, according to an internal letter he issued.
ByteDance to Cut India Workforce due to TikTok Ban
Chinese tech giant ByteDance will trim its 2000-plus Indian team due to a recent ban New Delhi imposed on TikTok, the company announced on Wednesday. The firm has yet to specify just how many employees may lose their jobs.
Alibaba-backed AutoX Rolls Out Fully Driverless Robotaxis in Shenzhen
Commuters in Shenzhen will now be able to test out AutoX’s fleet of fully driverless vehicles in a robotaxi pilot program, marking another milestone for the autonomous driving startup.