Pandaily’s Digest #20220325
Chinese tech giant Tencent announced on Wednesday the company’s unaudited consolidated results for the fourth quarter of 2021 and the audited consolidated results for the year ended December 31, 2021.
Tencent’s Non-IFRS Profit Drops 25% YoY in Q4
Chinese tech giant Tencent announced on Wednesday the company’s unaudited consolidated results for the fourth quarter of 2021 and the audited consolidated results for the year ended December 31, 2021.
Insta360 Launches ONE RS Modular Action Camera
Shenzhen-based camera manufacturer Insta360 released its multi-lens anti-shake sports camera, the “ONE RS” on Thursday. The firm claims the device can meet various shooting needs with the swap of a lens. As the second modular action camera launched by the company, the ONE RS is equipped with a brand-new 4K wide-angle boost lens, an optimized chip, and increased battery capacity.
NIO Narrowed Net Loss to $629M in 2021
NIO Inc., a major player in the Chinese smart electric vehicle market, on Thursday announced its unaudited financial results for the fourth quarter and full year ended December 31, 2021.
Smart Logistics Platform Super Camel Closes Nearly $10 Million in Financing
Super Camel, an intelligent freight services platform, announced it has obtained nearly $10 million in pre-A round financing. The lead investor was BlueRun Ventures and the co-investor was Chuxin Capital. The new funds are mainly to be allocated for the development of an intelligent dispatching system and the promotion of unmanned vehicles.
Xiaomi Awards Nearly 175 Million Shares to Employees
Chinese smartphone and consumer electronics giant Xiaomi announced on Wednesday that the company’s board awarded a total of 174,901,942 shares to 4,931 selected participants under a share award scheme.
Vivo to Announce New Product Codenamed “Butterfly” on March 28
Chinese smartphone manufacturer Vivo released a teaser for its forthcoming model today, publishing an image of a butterfly flapping its wings alongside the caption: “see you on Monday.”
Zepp Health’s Cumulative Global Shipments Exceed 200M
Zepp Health, a manufacturer of sports health wearable smart devices, announced on Wednesday that as of December 31, 2021, its global cumulative shipments of smart devices had exceeded 200 million units.
Chinese Social Media Platform Weibo Added to Delisting Watchlist by SEC
Beijing-based social media platform Weibo became the sixth Chinese company to be added to a delisting watchlist by the U.S. Securities and Exchange Commission (SEC) on Wednesday.
WeRide Receives $400M in Financing
On Wednesday, LatePost reported that autonomous driving technology company WeRide has recently obtained more than $400 million in a new round of financing, and its valuation after the investment totals $4.4 billion.
New Oriental Education Shuts down K9 Education in Beijing Foreign Language School
Arecent letter from Yu Minhong, Chairman of New Oriental Education, went viral online. The letter indicated that the organization will no longer offer primary and secondary school tutoring at its Beijing Changping New Oriental Foreign Language School.