Pandaily's Digest #20220304
Chinese hot pot restaurant chain Haidilao announced on Tuesday that its Deputy CEO and COO Yang Lijuan has now been named the new CEO to succeed Zhang Yong.
Cofounder of Chinese Hot Pot Chain Haidilao Resigns as CEO
Chinese hot pot restaurant chain Haidilao announced on Tuesday that its Deputy CEO and COO Yang Lijuan has now been named the new CEO, while Zhang Yong, Chairman of the Board and former CEO of the company, will continue to serve as Chairman of the Board and Executive Director.
Counterpoint: Apple Ranks First in Global Smartphone Revenue, OPPO Ranks Third
Counterpoint, a data research organization, announced its global smartphone market rankings for 2021 on Thursday, a year that saw the entire global smartphone market revenue cross $448 billion.
Apple ranked first with revenue of $196 billion, accounting for 44% of the market’s total revenue, and an increase of 35% YoY. Samsung, OPPO (including its sub-brand OnePlus), Xiaomi and Vivo ranked second to fifth, with revenues of $72 billion, $37 billion, $36 billion and $34 billion respectively.
Tencent eGame Successively Terminates Anchors
On Tuesday, many Tencent eGame anchors posted their farewell messages on Chinese social media Weibo. Chinese media Coreesports reported on Wednesday that the expiration of contracts was the dominant factor for the departure of its anchors. The hidden factor is that eGame is in the process of retiring anchors on a larger scale.
Geely-Backed ECARX Plans for U.S. Public Listing
Smart vehicle technology company ECARX is considering plans to seek a U.S. public listing via a merger with blank-check company SPAC, according to a Wednesday report by Bloomberg citing individuals with knowledge on the matter.
Alibaba and SAIC-backed Venture Begin Mass Production of First Electric Vehicle
IM Motors, a joint venture backed by Alibaba Group and SAIC Motor, has now begun the mass production of its first electric vehicles and will put them on sale later this month.
JiDU to Unveil Robot Car Concept at Beijing Auto Show
Wednesday marks the first anniversary of the formal establishment of JiDU, Baidu‘s car-making arm. In the afternoon, Xia Yiping, CEO of JiDU, revealed the company’s latest progress in a speech and shared with employees multiple renderings of the concept car’s interior and exterior design details.
Honor CEO Expects 10-Fold Growth in Foldable Smartphone Market by 2022
At the Mobile World Congress 2022, George Zhao, CEO of Honor, said on Wednesday that both regular phones and foldable phones are set to hit the mainstream of smartphones, and that the market for foldable phones will potentially grow tenfold in 2022. This represents a new area of growth in which Honor must invest for its future.
Realme V25 5G and Buds Q2s Debut in China
Chinese smartphone brand realme launched its V25 5G model with Snapdragon 695 and a color-changing rear shell on Thursday in China. Alongside the realme V25 smartphone, realme also launched their latest truly wireless earbuds, the Buds Q2s.
ByteDance Transfers Key Douyin Content Leaders to VR Brand Pico
Three key individuals at ByteDance are reportedly to be transferred to its virtual reality (VR) brand Pico, including Ren Lifeng, Head of Product at Xigua Video, Song Binghua, Head of the Douyin Variety Division, and Wu Zuomin, Director of the Douyin Entertainment Division. The moves indicate that ByteDance, which is also the parent company of Douyin’s international counterpart TikTok, will start to increase its investment in VR content.
Chinese Chipmaker Enkris Secures Several Hundred Million Yuan in Round B+ Financing
Suzhou-based Enkris Semiconductor Inc. announced on Thursday that it has secured several hundred million yuan in round B+ strategic financing. The lead investor was Goermicro, while co-investors were GL Ventures, Huiyou Capital, Sinovation Ventures, Hechuang Zhiyuan, Gongqing Cheng Junhe, SEE Fund, 37Games and CITIC Securities. Its existing shareholders, Suzhou Oriza Holdings and Shanghai Allin Capital Management Co., Ltd. also joined in the investment round.