Pandaily's Digest #20210728
Didi faced an unprecedented wave of allegations on Chinese social media, Dada achieved partnership with Vivo, Oppo introduced new flash charging technology, and more.
“Traitor” and “Evil Capitalist” Allegations Fuel a Perfect Storm for Didi
Besides heightened regulatory pressure from authorities, an increasingly shrill blend of nationalist and anti-capitalist sentiment among Chinese netizens has also acted as a catalyst for Didi’s turmoil, creating an unprecedented scenario on social media.
JD.com-owned Dada Group and Vivo Reach Deal to Speed Up Delivery Times
Dada Group, a Chinese on-demand distribution and retail platform, announced on Monday that it has reached a strategic cooperation agreement with mobile phone manufacturer Vivo.
Meituan To Implement Guidance on Safeguarding the Rights of Food Deliverymen
On Monday night, in response to the guidance of the regulatory authorities on safeguarding the rights of food deliverymen in the afternoon, Chinese food delivery giant Meituan said that it had launched several rounds of research and would implement the guidance.
OPPO Introduces a New Generation of Flash Charging Technology
Leading global smart device brand OPPO recently held its “What’s Next for Flash Charging?” OPPO Flash Charge Open Day on July 22, during which it unveiled the most recent achievements from its ongoing research into fast charge technology and the development of its Flash Charge technology solution.
Dada Ramps Up Expansion of Autonomous Delivery in Partnership with JD
Dada Group, China's local on-demand delivery and retail platform, announced Tuesday that it is set to advance an autonomous delivery operation open system to normalize the scalable use of unmanned delivery vehicles.
Amazon the Monopoly Takes on Unruly Chinese Firms
While many are convinced that Chinese sellers are receiving special treatment from Amazon, in the eyes of many Chinese merchants, Amazon is no friend at all. Rather, it is in part Amazon’s monopoly power that leaves them with no choice.
Kuaishou Reacts to Initiate Legal Proceedings in Case Involving Fabricated Research Report
News released by We Media sparked a market shock on Monday. Kuaishou shares in Hong Kong slumped heavily due to the rumor, at one point falling below the issue price of HK$115 in late trading.
NetEase Cloud Music May Raise $1 Billion after Listing Hearing
Hong Kong media reported on Monday that Chinese gaming giant NetEase’s music streaming arm NetEase Cloud Music would pass its listing hearing as soon as this week, eyeing raising about $1 billion. Its co-sponsors are Merrill Lynch, CICC and Credit Suisse. The music platform declined to comment on the news.
MissFresh Partners with Tencent to Accelerate Digitalization for Grocery and FMCG Retailers
MissFresh has recently partnered with Tencent to bolster its Retail Cloud services and ensure that its retail partners would be able to jumpstart their online business and operate more efficiently.
Xiaomi Executives to Become Directors of Kaiyun Motors
On Tuesday, it was reported that Liu De, co-founder, executive director and senior vice president of Xiaomi Group, and Kong Kat Wong, co-founder of Xiaomi, are to become the directors of Kaiyun Motors.
Xiaomi MIX4 To Be Equipped with Infinity Display?
A Weibo blogger named Digital Device Chat Group released a photo of tempered glass screen protector of a mobile phone, which caused netizens to speculate on the screen setting of the new, yet-to-be-released Xiaomi MIX4.
Tencent Suspends New Signups to WeChat Due to Security Upgrade
WeChat, a leading Chinese social communication platform operated by Tencent, suspended the registration of new individual users on Tuesday morning while the firm carries out a security upgrade.
Huawei Adjusts Carmaking Team to Include Former Mobile Phone Experts
On Tuesday, Huawei removed Su Qing from his post of director and chief architect of the company's intelligent driving products line, representing another major senior staff change in Huawei's auto business.
Hello Inc. Cancels U.S. IPO in Possible Ramification of Didi Penalty
Hello Inc., an app-based urban transportation provider, has scrapped plans for a U.S. initial public offering just three months after the firm submitted its prospectus to the US Securities and Exchange Commission (SEC), according to information disclosed Wednesday on the SEC website.
Tesla Production in Shanghai Remains Strong as China Surpasses Europe in Firm’s Market Share
California-based electric car company Tesla Inc. released its 2021 second quarter financial report on Tuesday, showing promising developments for its manufacturing and sales performance in the Chinese market.