Pandaily's Digest 20211215
The semiconductor subsidiary of Chinese automaker BYD develops a milestone chip, China Mobile obtains green light for Shanghai listing, Geely pairs up with Lifan Technology, and more.
BYD Semiconductor Independently Develops 1200V Power Device Driver Chip BF1181
BYD Semiconductor Co., Ltd, a subsidiary of BYD, announced on Tuesday that it successfully developed and mass-produced BF1181, a 1200V power device driver chip. Based on previous R&D results the chip could begin shipping to major manufacturers in batches in December of this year.
China Mobile Gets Approval for Shanghai Listing, Largest Fundraising in A-Shares Market in Decade
China Mobile Ltd., the country’s largest wireless carrier by revenue, has received approval from regulators to undergo a public listing in Shanghai after being removed from the New York Stock Exchange. The company updated its prospectus late on Monday night, showing plans to issue no more than 845.7 million A-shares.
Lifan Technology and Geely Auto Group Set Up Joint Venture Firm
Chinese motorcycle and automobile manufacturer Lifan Technology announced at the Shanghai Stock Exchange on Monday night that it plans to set up a joint venture with Geely Auto Group in the Liangjiang New Area in Chongqing.
AI Chip Company Intengine Technology Wins Tens of Millions of Dollars in Financing
Chinese AI chip company Intengine Technology completed a new round of financing worth tens of millions of dollars, led by investment institution ZY Capital. This round of funds will be mainly used for the R&D of product, expanding sales and marketing activities.
China VC Weekly: Biotech, Coffee, Supermarkets
In last week’s China VC news, local coffee brand Nowwa Coffee bags $31.51 million in its Series B and B+ Rounds, supermarket chain T11 rakes in $100 million in its latest financing round led by Alibaba and more.
LinkedIn Introduces InCareer, New App to Help Professionals in China Find Jobs
On Tuesday, LinkedIn officially launched its new app for the Chinese market, InCareer. The app is designed to help Chinese mainland professionals find jobs while also helping companies discover great talent throughout the country. InCareer is available at www.linkedin.cn and also for download on iOS and Android devices.
Huobi Initiates Removal of Tens of Millions of Chinese Users, Internal Structure Greatly Adjusted
On Tuesday, bitcoin trading platform Huobi issued a notice of removal on its official website. On December 14 and 15, the company will stop the currency filling and currency trading business of Chinese mainland users.
Beijing to Promote New Energy Vehicles, Accelerating Construction of Charging Piles and Power Stations
On Tuesday, China’s National Development and Reform Commission and the Ministry of Industry and Information Technology issued a notice aiming to revitalize the industrial economy and promote high-quality industrial development.
ByteDance Cancels Talent Development Center in Effort to Streamline HR Department
The Paper reported on Wednesday that ByteDance’s internal email showed that the internet giant had recently cancelled its Talent Development Center. The existing team members have been given priority for internal transfers, and if there were no suitable positions, they would likely leave the company. ByteDance has not responded to the report yet.
Baidu Releases “Wonder” App for Youth as an Information Service Platform
On Wednesday, Baidu released an app called “Wonder” which is aimed offering information services to young people, covering life services, exam information, entertainment and others.