Pandaily's Digest #20210730
NetEase Cloud Music passed HKEX listing hearing, Huawei dropped out of Top Five, Xiaomi announced recruitment of professional drivers, and more.
NetEase Cloud Music Passes HKEX Listing Hearing
On Thursday afternoon, NetEase Cloud Music, a popular Chinese music streaming platform, passed its listing hearing with the Hong Kong Stock Exchange and will start offering shares soon.
Mobile Phone Shipments Down 11% Year-on-Year in Q2: Huawei Misses Top Five While Honor Squeezes In
Market research company IDC released a report on China's mobile phone market in quarter two of 2021 on Wednesday. According to the findings, Vivo ranked first in the country and Honor earned its way back into the top five.
Xiaomi Announces Recruitment of Professional Drivers for L4-level Capability
Lei Jun, founder of Xiaomi, one of China's biggest Internet technology companies, said on Wednesday that the company had started hiring experts in the field of autonomous driving with the first batch of 500 technicians to develop the autonomous driving ability for its L4 line of vehicles.
Chinese Wealth Management Service Provider Noah Holdings Announces Investment in iCapital Network
Chinese Wealth Management Service Provider Noah Holdings announced on Wednesday that it has made a $10 million strategic equity investment in US-based iCapital Network, the global financial technology platform driving access to and efficiency in alternative investment for the asset and wealth management industries.
Baidu and Pony.ai Receive License to Test Drive on Expressway
On Wednesday, at the 23rd Annual Meeting of the China Association for Science and Technology, Baidu and Pony.ai received the first batch of highway passenger car test notices.
Yuanfudao Rolls Out STEAM Teaching App Pumpkin Science
On Wednesday, Yuanfudao, an online education company, launched Pumpkin Science, a new style of education for science enlightenment, marking a transition in what and how education is taught.
Bytedance Participates in the Latest Round of Financing of VisionNav Robotics
According to Zero2IPO, VisionNav Robotics (Shenzhen) Co., Ltd. recently went through a round of strategic financing, led by Bytedanfce, Lenovo Capital and Eastern Bell Capital. In June, the company completed a B1 round financing with an aggregate amount of up to 100 million yuan, led by Lenovo Capital.
Robin Li Predicts Eight Major AI Technologies Will Profoundly Change Society Over the Next Decade
The 2021 ABC Summit was held in Beijing on Thursday. During the event, Robin Li Yanhong, founder and CEO of Baidu, shared his observations on the development of science and technology and his prospects for the future of artificial intelligence (AI).
Tencent Is about to Complete the Preliminary Integration of Sogou
According to a release from Jiemian News on Thursday, Tencent will complete the integration of Sogou, a Chinese Internet service provider, as early as August. As a result, most of Sogou's business will be merged into Tencent PCG, while its main team will be merged with Tencent's highlights.
Huang Mingduan Assumes the Chairman Role of Suning.com
Chinese retail platform Suning.com on Thursday evening announced that Huang Mingduan will be its new Chairman and one of the non-independent directors. Xian Handi, Cao Qun and Zhang Kangyang will also be its non-independent directors.
Didi Denies Going Private, Pre-Market Price Soars 50%
On the evening of July 29th, the Wall Street Journal reported that Didi, an online ride-hailing company, was considering privatization to appease the dissatisfaction of Chinese authorities. Didi later denied this report on its official Weibo channel.
Huawei Releases P50 Series, First Smartphone With HarmonyOS
On Thursday night, Huawei's P50 series was officially released. This is Huawei's first smartphone that will be pre-installed with its home-built HarmonyOS.
CATL to Unveil its First Sodium-ion Battery, Propelling Commercial Cooperation in the Automotive Energy Storage Field
Contemporary Amperex Technology Co., Limited (CATL), a Chinese battery manufacturer, officially released its first generation of sodium-ion batteries and battery packs that integrate sodium-ion and lithium-ion batteries.
Biocomputing Platform BioMap Founded by Baidu CEO Secures Hundreds of Millions of Dollars in Series A Financing Round
On Friday, biocomputing platform BioMap completed an A Round of financing worth hundreds of millions of dollars, led by GGV Capital and followed by Baidu, Legend Capital, BlueRun Ventures, Verity Ventures and Xianghe Capital.
China Esports Weekly: Wolves Owner Fosun Sports Invests in Evil Geniuses, Uzi and Chengcheng Fan Establish Esports Team UFG
Last week, the esports industry in China went through a bit of turmoil as Typhoon In-fa passed through Shanghai and caused multiple esports competitions to be suspended, including League of Legends Pro League.