Pandaily's Digest #20220422
XPeng Motors on Thursday revealed more specifications for its premium, fully electric P5 model, in addition to its expected starting prices in Denmark, the Netherlands, Norway, and Sweden.
XPeng Reveals Expected Starting Price for P5 Model in Europe
Chinese electric vehicle manufacturer XPeng Motors on Thursday revealed more specifications for its premium, fully electric P5 model, in addition to its expected starting prices in Denmark, the Netherlands, Norway, and Sweden.
Rumors Say Alibaba DAMO Academy Lays Off 30% of Staff
Since the end of last year, several Internet giants have been the center of rumors about layoffs. Technology Daily reported on Wednesday that Alibaba’s DAMO Academy has gone ahead with a plan to cut a third of its workforce.
Revenue From CATL’s Power Battery Systems Up 132% in 2021
On Thursday, Chinese battery giant CATL released its 2021 annual report. Its operating income reached 130.356 billion yuan ($20.1 billion) in 2021, a year-on-year increase of 159.06%. The firm’s net profit was 15.931 billion yuan, a year-on-year increase of 185.34%.
BYD Reaches Cooperation With Local Chip Startup Horizon Robotics
Shenzhen-based electric vehicle maker BYD entered into a partnership on Thursday with Horizon Robotics, which will provide its self-driving “Journey 5” computer chip for certain BYD models set to be launched next year, significantly enhancing their autonomous driving capabilities.
Huawei Mate Xs 2 Foldable Smartphone to Be Released April 28
Chinese tech giant Huawei announced on Friday that its foldable flagship smartphone, the “Mate Xs 2,” will be unveiled at a launch conference on April 28.
Alibaba Moves to Promote Sustainability in China
As China strives to achieve carbon neutrality by 2060, more and more domestic consumers are embracing greener shopping options. According to a 2021 report by PWC, 72% of surveyed Chinese consumers said they buy from environmentally responsible companies. A Statista global consumer survey also finds that in China, only a 17% minority regards sustainability as a mere buzzword lacking importance.
French Fashion Brand DESTREE Completes Round-A Financing
Sequoia China announced Thursday that it has led round-A investment in DESTREE, a Paris-based fashion and accessories brand. The specific financing amount was not disclosed.
17 Chinese Firms Including Li Auto and KE Holdings Added to SEC Delisting Watchlist
The United States Securities and Exchange Commission (SEC) added 17 Chinese companies including Li Auto, Best Inc. and KE Holdings to its delisting watchlist on Thursday. This is the fifth batch of China concepts stock companies to be included on the list since March.
Xiaomi Civi 1S Is Launched, Starting From $357
At a press conference on Thursday, leading consumer electronics brand Xiaomi officially launched the Xiaomi Civi 1S smartphone, which focuses on lightness and quality selfie features. Compared with the previous generation, the new model mainly upgraded the chipset and beautify mode, and brought a “natural beauty” function designed for men. The device is also capable of beauty portrait 2.0, 4D ray tracing and rejuvenating beauty technology.
Tencent Shuts Down QQ Tang Game 17 Years After Launch
Chinese internet firm Tencent announced Wednesday that its well-known game “QQ Tang” will officially cease operations in the Chinese mainland, and the game server was closed at 11 a.m. today. From this point on, users will not be able to log in to the game normally. In addition to the shutdown of the server, the game’s official website, newsgroup and exclusive customer service will also be closed.