Pandaily's Digest #20211115
Beijing Stock Exchange starts trading, Baidu launches Metaverse app “Xirang”, Douyin and Tencent discuss openness, Tencent’s WeChat Pay cooperates with Unionpay QuickPass and 10 banks, and more.
Beijing Stock Exchange Officially Launches With 81 Companies Participating in Trading
Among the first batch of 81 companies listed on the new bourse, 10 are new stocks and the remaining 71 have been transferred from the Selected Layer of National Equities and Exchange Quotations.
Baidu Launches Metaverse App “Xirang”
Chinese internet firm Baidu has recently launched a social app called "Xirang" ("land of hope)" on both the domestic Apple and Android App Store, stepping forward along the path of the Metaverse.
China’s Leading Video Platforms Douyin and Tencent Discuss Openness
Tencent has sent an email to ByteDance's Douyin on November 11, saying that the firm was trialling a project to gradually allow third-party creators to use some of its copyrighted content and creation tools in their works.
Tencent’s WeChat Pay Cooperates with Unionpay QuickPass and 10 Banks
11 institutions' apps including Unionpay QuickPass, Industrial and Commercial Bank of China, China Construction Bank, and Bank of China have all been promoting cooperation with Tencent's WeChat Pay.
TAL to Terminate Training for Compulsory Education by End of Year
On November 13, Chinese extracurricular education company Tomorrow Advancing Life issued a statement that it will be terminating its off-campus training for compulsory education in mainland China by the end of this year.
Evergrande Auto Sells e-Traction to British EV Maker Saietta
British electric vehicle (EV) maker Saietta has said that it is acquiring electric powertrain company e-Traction from China Evergrande Group's automotive unit in a deal worth up to 2 million euros ($2.31 million).
Huawei’s Chief Functional Safety Expert Joins NIO
She Xiaoli, chief functional safety expert at Huawei's automotive business unit, will join NIO as an in-house expert in algorithm research.
Smartphone Maker Transsion Tecno Launches Spark 8 in India at Reasonable Price
Tecno, which is owned by Chinese smartphone company Transsion Holdings, on Friday launched the Spark 8 phone in India, which is tagged with a reasonable price when selecting entry-level specs.
Chipmaker SMIC to Invest $3.655 Billion in Establishment of Joint Venture in Shanghai
SMIC announced at the Hong Kong Stock Exchange on Friday that SMIC Holdings, National Integrated Circuit Industry Investment Fund Phase II and an investment institution have agreed to set up a joint venture (JV) in Shanghai.
Double Eleven Turnover: Tmall Bags 540 Billion Yuan, JD.com Takes 349 Billion Yuan
According to data released Friday by Chinese tech giant Alibaba, the total transaction volume on its e-commerce plaform Tmall during the 'Double 11' shopping festival was 540.3 billion yuan ($84.448 billion), hitting a new high.