Pandaily's Digest #20210915
Xiaomi releases exploration version of smart glasses, China's cloud infrastructure market hits $6.6 billion, JD.com to open first offline mall in Xi'an later this month, and more.
Xiaomi Releases Exploration Version of Smart Glasses, Supporting Call, Navigation and Voice Translation
The exploration version of Xiaomi Smart Glasses has now been officially released. As a brand-new interactive wearable intelligent device, the product integrates a large number of sensors and communication modules, and relies on advanced MicroLED optical waveguide technology to realize functions such as calling, navigation, taking pictures and translating.
Canalys Shows China’s Cloud Infrastructure Market Has Hit $6.6 Billion, Baidu AI Cloud Sees Fastest Growth
Global technology market analyst firm Canalys released the second quarter 2021 report for China’s cloud computing market on Monday, showing that the country’s cloud infrastructure market increased by 54% in the period to reach $6.6 billion.
China’s First Offline JD Mall to Open in Xi’an on September 30
JD.com announced on Tuesday that its first JD Mall, the company’s new offline shopping center, will open on September 30 and be situated in Xi’an, the eastern end of the historical Silk Road.
Chinese Official Encourages M&As of New Energy Auto Firms to Expand and Strengthen Sector
The development of new energy vehicles in China is in a period of acceleration. Xiao Yaqing, Minister of Industry and Information Technology of China, said at a press conference on Monday that new energy automobile enterprises should be encouraged to merge and reorganize in order to become stronger and improve industrial concentration.
CATL to Invest 13.5 Billion Yuan in Building a Lithium-Ion Battery Plant in Yichun, China
On Monday, leading Chinese battery firm Contemporary Amperex Technology Co., Limited (CATL) announced plans to invest a maximum of 13.5 billion ($2.09 billion) in building a new lithium-ion battery plant in the city of Yichun. It is expected to take less than 30 months to complete the construction. The planned area is about 214 acres.
China Evergrande’s Shenzhen Headquarters Blocked by Investors
Cash-strapped property developer Evergrande Group saw its Shenzhen headquarters fall into a state of chaos on Monday when about 100 disgruntled investors came to demand repayment of loans and financial products. Evergrande Group, which is deeply mired in debt, issued a statement later that night, denying rumors of bankruptcy and reorganization of the company.
Xiaomi Auto May Acquire Borgward, Set Up Dual-Factory Model in Beijing and Wuhan
Xiaomi Auto may adopt a “dual factory” production model, cls.cn reported Monday, citing multiple sources. On the one hand, Xiaomi hopes to promptly gain production capacity and related certifications by acquiring other companies who already have them. Meanwhile, the company plans to build its own plant in a second location to ensure stable production capacity.
Soho China’s Stock Tumbles 35% After Deal Falls Through, What Will Owner Shiyi Pan Do Now?
Chinese media outlet Dichanyitiao wrote on Monday that Soho China’s share price opened sharply lower and continued to fall throughout the trading day. As of the midday close, the stock had fallen by 34.86% and the share price was HK $2.28 per share. The company’s total market value at that time stood at HK $11.855 billion ($1.524 billion).
Baidu Opens Robotaxi Service in Shanghai with Apollo Go Ride-Hailing Platform
Today, Baidu announced that it will begin public testing of its Apollo Go platform in Shanghai, marking the fifth city where passengers have the ability to trial the robotaxi service. The Shanghai operation will include 150 stations opened in phases throughout the city. Passengers can use the service between 9:30 a.m. to 11:00 p.m. every day of the week.
Rotating Huawei CEO Xu Zhijun Predicts 6G Will Enter Market Around 2030
Chinese telecommunications giant Huawei published an article on its internal employee community platform last Friday, announcing the company’s expectations for 6G technology. In the article, Xu Zhijun, the rotating Chairman of Huawei, said, “We expect 6G to be put into commercial use around 2030. The technical environment faced by 6G is more complex. Cloud computing, big data, artificial intelligence, blockchain, edge computing and other technologies will have an impact on 6G.”