Pandaily's Digest 20211220
NIO unveiled its fifth model ET5, TikTok to launch 300 delivery-only virtual restaurants across U.S., JD.com's NFT marketplace, SenseTime rescheduled its HK IPO for Dec 30, and more.
NIO Unveils ET5, Delivery to Start Next September
At NIO DAY on Saturday, Chinese EV maker NIO unveiled its fifth model, the ET5, a mid-size electric vehicle. The vehicle will start 328,000 yuan ($5,145) with deliveries scheduled for September next year.
TikTok to Launch 300 Delivery-Only Digital Restaurants Across U.S.
The popular short video sharing platform TikTok will cooperate with Virtual Dining Concepts to launch TikTok Kitchen, to provide food delivery services in the United States from March 2022.
Employees and Assets of Baidu’s Intelligent Driving Group Transferred to New Companies
Various employees and assets of Baidu's Intelligent Driving Group (IDG) have been transferred from related companies of Baidu Group to several wholly-owned subsidiaries this year.
JD.com Launches NFT Marketplace Lingxi
Lingxi, an NFT marketplace owned by Chinese e-commerce firm JD.com, on December 17 was launched as a mini program on the company's app.
SenseTime Relaunches IPO, Trading to Start December 30
SenseTime, a Chinese artificial intelligence technology firm, announced on Monday that it would restart its Hong Kong IPO process.
Xiaomi Founder Lei Jun’s Burden Reduces, International Business Department Reshuffles
An internal letter released by Xiaomi on December 10th showed that founder Lei Jun had handed over a business he was directly managing, the Business Middle Platform Department.
US Court Approves Luckin Coffee’s $460 Million Debt Restructuring
In the early morning of Friday, December 17th, Chinese coffee company Luckin Coffee's debt restructuring plan received recognition from a federal judge in Manhattan.
Alibaba Resets: CEO Zhang Yong and His Four Executives
Once every year, Alibaba undergoes a major organizational adjustment after its annual ‘Double Eleven’ sale on November 11.
Following Regulation, Tencent’s Apps Begin to Resume Updating
On Friday, QQ Music's iOS version began to allow upgrades to version 11.0.5 through the app store. The development follows China's MIIT's introductions of new restrictions on Tencent in November this year.
Muddy Waters Research Company Shorts Chinese Real Estate Trading Platform KE Holdings
On Thursday, Muddy Waters Research released a report on its latest short-selling target: a U.S.-listed, China-based real estate trading platform, KE Holdings, pushing its shares down as much as 10% in premarket trading.