Pandaily's Digest #20211203
According to China’s State Administration for Market Regulation, from December 3, Tesla will recall a total of 21,599 Model Y electric vehicles (EVs) manufactured in China due to safety risks.
Tesla Recalls 21,599 Model Ys in China Due to Potential Risks in Suspension Rod
China’s State Administration for Market Regulation issued a document on Friday saying that Tesla (Shanghai) Co., Ltd. recently filed a recall plan with the state regulator in accordance with regulations and implementation measures.
According to the recall plan, from December 3, Tesla will recall some Model Y electric vehicles (EVs) produced in China from February 4, 2021 to October 30, 2021 – a total of 21,599 vehicles.
The document shows that due to various manufacturing reasons, the strength of front and rear steering knuckles on some recalled vehicles may not meet design requirements.
Tencent Issues Shares to 25,700 Employees With Average Per Capita Exceeding HK$80,000
Tencent announced on Wednesday that its board of directors has decided to grant a total of 4,410,829 award shares to no less than 25,700 staff. The award recipients will include employees, executives, officers, directors, experts, consultants and agents.
Female Alibaba Employee Claiming Sexually Assault Is Sued by Former Company VP for Reputation Infringement
Widespread public attention was previously focused on the case of a female Alibaba employee surnamed Zhou who claimed she had been sexually assaulted in a lengthy post to the company’s internal messaging platform. However, Zhou was recently sued by her former supervisor and former Alibaba Group vice president Li Yonghe for reputation infringement.
Tencent Tests Social App ‘doX’ for Youths to Share Short Videos
Chinese tech giant Tencent has recently launched a new social app called “doX,” a social platform designed for young people with a focus on short videos. Users can get to know like-minded friends on the platform by shooting interesting short videos.
Xiaomi Invests in VR Company Co-founded by Movie Director Zhang Yimou
According to Tianyancha App, Sky Limit Entertainment, a VR company co-founded by Chinese film director Zhang Yimou, has added Xiaomi’s affiliated company, Hanxing Venture Capital Co., Ltd., and Intel Asia Pacific R&D Co., Ltd. as shareholders. The registered capital of the company has increased to 75.7 million yuan.
NetEase Cloud Music Officially Debuts on Hong Kong Stock Exchange
At 9:30 on December 2, NetEase Cloud Music, the music streaming arm of Chinese gaming giant NetEase, was listed on the main board of the Hong Kong Stock Exchange with ticker symbol “9899”. NetEase Cloud Music raised $421 million in its IPO, with its shares priced at HK$205 each.
Douyin Tests First Independently Developed E-Commerce App “Douyin Box,” Positioned as Trendsetting Platform
Douyin, the Chinese mainland version of TikTok, recently tested a new app called “Douyin Box,” positioning it as a trendsetting e-commerce platform. According to informed sources, Douyin’s e-commerce app has already been developed for Android and iOS, and the logo has been designed to resemble a small square box. The company has not yet responded to the news.
Alipay and 28 Banking Institutions Accept Each Other’s Offline Payment Code
Alipay announced on its official WeChat account on Thursday that the company and China UnionPay now recognized each other’s collection code across China. Joining the new payment freedom were 28 other banking institutions that will now all accept each other’s offline payment codes.
Bilibili Obtains Three-Year Exclusive Digital Media Copyrights for FA Cup
On Friday, Chinese video streaming platform Bilibili announced it has obtained exclusive digital media copyrights for the current and upcoming seasons (2021-2024) of the Football Association Challenge Cup in the Chinese mainland, under which it will broadcast the sports events live and free of charge.
ByteDance’s Real Estate Trading Platform Xingfuli Abolishes New House Salesmen
Xingfuli, a real estate trading platform owned by ByteDance, abruptly notified some Beijing new house sales employees of layoffs on Tuesday and asked them to come to the company early the next morning to discuss compensation matters, Caijing magazine reported on Thursday.