Pandaily's Digest #20210908
Luckin Coffee provides update on restructuring plan, Xpeng releases world's first intelligent robot horse, Tesla completes charging pile production project in Shanghai, and more.
Luckin Coffee Promotes Restructuring Plan, Several Phased Goals Already Completed
Luckin Coffee Inc. released the third report of the Joint Provisional Liquidators to the Grand Court of the Cayman Islands on Tuesday night, showing that the overall restructuring plan of the company is progressing in an orderly manner and has achieved several phased goals.
Xpeng Releases World’s First Intelligent Robot Horse that People Can Ride
It appears that elements of science fiction are gradually becoming a reality. Pengxing Intelligence Co., Ltd., a subsidiary of Xpeng Motors, released the world’s first intelligent robot horse on Tuesday.
Tesla China Completes Super Charging Pile Production Project, Planned Output to be 10,000 Superchargers Per Year
BJnews reported on Tuesday that Tesla has completed its charging pile production project in Shanghai, China. The project was officially completed on August 20 and had tests conducted from August 21 to September 25. The acceptance testing will be completed between September 26 to October 30.
OPPO Invests in 3D Sensor Chip Manufacturer Adaps Photonics
Chinese media Leikeji reported on Monday that Shenzhen Adaps Photonics Technology Co., Ltd. registered a change with the Industrial and Commercial Administration on Saturday. James Harris is no longer a shareholder, while Guangdong OPPO Mobile Telecommunications Corp., Ltd. now holds 3% of the company’s shares.
Intel to Cooperate with NIO ES8 to Test Driverless Taxis Next Year
Mobileye, a self-driving car chip company owned by Intel, will cooperate with Sixt, the largest car rental company in Germany, and technology company Moovit to launch a self-driving taxi service test in Munich, Germany in 2022. The trio plan to promote the venture to European consumers within the next few years, according to a report by Cailian Press on Wednesday.
China VC Weekly: Didi Rival Raises Stakes, Big Injections from Xiaomi and ByteDance
In last week’s VC news, direct-to-consumer e-commerce platform Cider bags $130 million for brand building, Xiaomi backs AI company Studio 51, Didi rival Caocao rakes in a massive $589 million round, while TikTok owner ByteDance leads a $31 million round for healthcare services platform Haoxinqing.
Chinese Ride-Hailing Platform Caocao Chuxing Receives 3.8 Billion Yuan in Funding, Sets Headquarters in Suzhou
Caocao Chuxing, the ride-hailing arm of automaker Geely, announced the completion of Round B financing worth 3.8 billion yuan ($589 million) on Monday, which will be used for the improvement of services for drivers and passengers, as well as the R&D and application of new technologies.
Tencent Calls for Further Regulation After CCTV Exposes Dark Transactions by Game Accounts
On Monday evening, Chinese state television network CCTV reported that a grey industry chain has been formed in which web users can play online games without various restrictions by paying money to rent another game account. In response, Tencent Games called for the introduction of relevant laws and regulations as soon as possible to strictly control account renting and selling actions.
Chinese Video Sharing Platform Bilibili Rectifies Stigmatizing Words
Shanghai-based video platform Bilibili announced on Monday night that in order to maintain a healthy online community environment, the website will focus on some recently used online words that stigmatize occupations and abbreviate or distort semantics to engage in personal attacks.
Common Prosperity Themed Charity Day Sees Tencent Raise RMB 430 Million
On September 5th, Tencent launched its Charity Day with the theme of common prosperity. The day marks one of the first of a batch of activities for its charity plan of 50 billion yuan ($7.7 billion) launched in the month of August.