Pandaily's Digest #20210226
Xiaomi releases Redmi flagship K40 series, Geely and Volvo call off merger, ByteDance agrees to $92 million settlement in US TikTok data privacy lawsuit, and more.
Xiaomi Unveils Redmi K40 Series with Snapdragon 888 Chipset
Xiaomi sub-brand Redmi released its flagship K40 Series on Thursday, which includes three models: the K40, K40 Pro and K40 Pro Plus.
Tim Hortons China Completes New Fundraising Round, Two Years After Entering Market
On Feb. 26, the Chinese venture of Canadian coffee giant Tim Hortons completed its second round of financing, although the precise amount of new investment remains undisclosed.
Expensive “Chinese Antique Fruit Basket” Sold on Amazon Turns out to be Chamber Pot
A fancy “antique fruit basket” sold on Amazon stirred a hilarious online discussion recently among Chinese netizens after the product’s actual intended use was revealed to be a spittoon or chamber pot.
ByteDance Agrees to $92 Million Settlement in US TikTok Privacy Lawsuits
ByteDance has agreed to pay US$92 million to settle a class-action lawsuit over data privacy claims from some US TikTok users, following a year of litigation.
China Esports Weekly: Chinese Government Releases Qualification Standards for Esports Professions, Morris Garages Sponsors Bilibili Gaming
With the Chinese New Year celebrations coming to an end, after a tepid week of events and activities, China’s esports industry is kicking off the Year of the Ox with a series of exciting developments.
Bilibili Shares Jump after Releasing Financial Results
On Feb. 24, 2021, China’s leading video streaming platform Bilibili (NASDAQ: BILI) announced unaudited financial results for the fourth quarter of the year, as well as for the fiscal year ending on Dec. 31, 2020.
Geely and Volvo Abort Merger, Will Set Up New Company to Combine Powertrain Units
Volvo Cars and Geely Auto have canceled plans for a full merger, instead announcing areas of cooperation on electrification, software development and autonomous-driving technology to lower costs.