Pandaily's Digest #20211229
Xiaomi reveals its long-awaited 12 series, OS and smart watch, AI firm SenseTime raises more than $700 million in Hong Kong IPO, Beijing releases blueprint for developing robotics industry, and more.
Xiaomi Launches New 12 Series, Operating System and Smart Watch
After months of leaks and rumors, Xiaomi’s 12 series has now officially been released with three entries – Xiaomi 12X, Xiaomi 12 and Xiaomi 12 Pro.
Xiaomi’s founder Lei Jun said at the beginning of the press conference: “Two years ago, we planned to invest 50 billion yuan in the next five years. Over the past two years, Xiaomi has invested more than 22 billion yuan in R&D and has more than 16,000 engineers. But this is far from enough. We will invest another 100 billion yuan over the next five years.”
SenseTime Raises Nearly $712 Million in HK IPO, to Be Listed on December 30
On Wednesday, Chinese AI firm SenseTime announced the decision to sell 1.5 billion Class B shares globally, including 150 million Class B shares in Hong Kong, 1.35 billion Class B shares internationally, and another 15% over-allotted shares. SenseTime Class B shares will start trading December 30.
Beijing Releases “14th Five-Year Plan” for Development of Chinese Robotics Industry
China’s Ministry of Industry and Information Technology, in partnership with fourteen other government departments, issued a document on Tuesday to guide the development of the country’s robotics industry during the “14th Five-Year Plan” period.
Waymo and Zeekr to Collaborate on All-Electric, Fully Autonomous Ride-Hailing Vehicle
Geely announced on Tuesday that its premium electric brand, Zeekr, will collaborate with Waymo, Alphabet’s autonomous driving technology arm, on the development of a new pure electric vehicle for deployment in the Waymo One autonomous ride-hailing fleet in the United States.
Short Video Platform Kuaishou and Food Delivery Platform Meituan Reach Agreement
Chinese short video platform Kuaishou held its first Ecological Opening Conference on Monday afternoon, announcing that Kuaishou and Chinese food delivery giant Meituan had reached an agreement regarding the interconnection of their respective platforms.
China VC Weekly: AI, Gen Z and More
In last week’s VC news, AI application company Singularity Systems closes A+ round of financing, streetwear retailer Knowin secures several hundred million yuan in a round led by Alibaba, self-driving solutions provider Senior Auto receives $16 million with ByteDance as lead investor, and more.
Alibaba’s DAMO Academy Releases Top Ten Technology Trends in 2022
The DAMO Academy released its “Top Ten Technology Trends in 2022,” marking the fourth time that the institution has offered a forecast of cutting-edge science and technology trends.
Market Regulators in Xi’an Summon E-Commerce Platforms to Stabilize Commodity Prices During Local Bout of COVID-19 Cases
Local market regulators in Xi’an have summoned more than 20 e-commerce and online food delivery platforms, including JD.com, Meituan and Freshippo. The authorities aim to stabilize prices and ensure supply as the prices of vegetables and other commodities have risen due to a recent flare-up of COVID-19 transmissions in the city.
DJI’s Automobile Device Team Increases to Nearly 1,000
China Securities Journal reported on Monday that Xie Tiandi, the head of DJI’s automobile device business, had said at a recent exchange and experience event for the company’s products that his team was working on many businesses and is giving full play to its strengths and choosing partners who share the same interests with DJI.
New Oriental Education Officially Enters Live Commerce Industry
Since Chinese authorities introduced the “Double Reduction Policy” earlier this year, domestic educational and training services firm New Oriental Education & Technology Group Inc. has accelerated plans to undergo a transformation.