Pandaily's Digest #20210721
A golden retriever named Siri died, arousing public concerns over China's pet industry, Huawei announced to release its brand new P50 series on July 29, Vivo's chip is on the way, and more.
The Extraordinary Rise of China’s Pet Industry
The death of a golden retriever named Siri was trending top on Chinese social media for days, arousing public concerns over pet-related services once again.
Huawei P50 Series to Launch July 29, HarmonyOS Rumoured to be Pre-Installed
On Monday, Huawei announced to release its P50 series of cell phones on July 29, further expanding its unique mobile imaging technologies.
Vivo to Develop Own Chip, Seeks to Improve Imaging Capability
Vivo looks to be moving towards developing its own chips for its devices, a first for the company, but details on the procedure and process were scant.
WeRide Announces Acquisition of Autonomous Trucking Startup MoonX.AI
Driving startup WeRide on Tuesday announced the acquisition of MoonX.AI, an autonomous trucking startup.
China VC Weekly: Xiaoice, Lingerie and More
In last week’s VC news, Microsoft’s China-based spin-off gets a new injection granting it unicorn status, local lingerie industry leader Neiwai raises a whopping $100 million in the latest round, Alibaba and SAIC motors back smart vehicle software startup Banma, attracting $46t4 million in investment from a cohort of new and old backers, all that while the Tencent-backed Indian streaming giant Gaana raises $40 million in debt financing.
Faraday Future to Land on NASDAQ as Pre-orders of its Mass-produced Cars Are Live
According to Faraday Future's official website, pre-orders of its first mass-production model FF91 are live, and prospective buyers can reserve the upcoming vehicle for 50,000 Yuan (around USD $7,700). This deposit supports a full refund before signing the contract.
SMIC Releases Equity Incentive Plan Worth 1.351 Billion Yuan
Chinese silicon chip maker SMIC on Monday announced on the official website of the Shanghai Stock Exchange that they decided to grant 67.5352 million restricted shares to 3,944 employees at a price of 20 yuan per share.
Consumer Robotics Company KEYi Tech Raises Tens of Millions of Dollars in Series B Round
36 Kr reported that KEYi Tech, a consumer robotics platform, recently received tens of millions of dollars in round B financing. This round of financing was led by Xiaomi and Shunwei Capital, followed by old shareholders Source Code Capital and BlueRun Ventures, with 100 Summit Partners as the exclusive financial advisor.
Tencent’s TiMi Studio Group Establishes New Studio in Montreal to Develop AAA Open World Games
TiMi Studio Group, a subsidiary of Tencent Games, announced on Tuesday that it has established a new AAA game studio TiMi Montréal in Montreal, Canada.
Huawei Achieves Patent of Autonomous Driving Vehicle Behavior Planning Technology
Huawei obtained patent authorization for behavior planning methods and a behavior planning device which enables self-driving vehicles to safely and quickly pass through intersections.
As Rainstorm Assails Central China, Domestic Companies Spring to Action
Henan, a central Chinese province home to over 100 million people, has over recent days suffered a once-in-60-year rainstorm. In response to the tragedy, many Chinese internet companies have announced emergency assistance for Henan.
Momo to Launch Content Sharing App Called Shumei, Targeting Younger Generations
Beijing-based social media platform Momo plans to launch an app named Shumei ("raspberry" in Chinese), which will capitalize on young people's sharing and recommending needs.