Pandaily's Digest #20220601
On Tuesday, China’s State Council issued a policy package to help stabilize the economy, together with plans to encourage purchases of automobiles and home appliances.
Beijing Wants to See Steady Growth in Major Purchases Such as Automobiles and Home Appliances
On Tuesday, China’s State Council issued a policy package to help stabilize the economy. In the package, the Council put forward detailed policy measures and arrangements divided into six aspects, including monetary, financial, and consumption, and planned to see steady growth in major purchases such as automobiles and home appliances.
CATL to Supply Cylindrical Cells for BMW’s New Electric Vehicles
Chinese battery giant Contemporary Amperex Technology Co., Limited (CATL) will start supplying cylindrical cells to BMW from 2025 to power its new series of electric vehicles, Cailian Press reported on May 27, citing individuals familiar with the matter.
Honor CEO George Zhao: Sub-Brand Still Under Discussion
The Honor 70 smartphone series was officially released on Monday night. Following a launch event, Honor CEO George Zhao accepted a group interview during which he responded to public queries.
Xiaomi Obtains Patent for AR Glasses
According to Chinese enterprise data platform Tianyancha, a patent application for AR glasses submitted by consumer electronics giant Xiaomi was officially approved on Tuesday.
China Responds to India’s Investigation of ZTE and Vivo
At a regular press conference on Tuesday, a reporter asked Foreign Ministry Spokesperson Zhao Lijian, “After taking measures against Xiaomi, India has expanded its investigation to other Chinese companies, and is currently probing the local units of ZTE and vivo for alleged financial improprieties. What’s your comment?”
JD Logistics Constructs China’s First Carbon-Neutral Intelligent Industrial Park
Chinese supply chain solution provider JD Logistics on Monday released its first 2021 Environmental, Social and Governance Report after its listing. The report shows the company’s green sustainability efforts over the past year, and discloses the climate-related governance framework, risk opportunity identification, risk management and objectives at the logistics level with reference to the recommended framework of the Task Force on Climate-Related Financial Disclosure (TCFD).
ByteDance’s Toutiao Develops E-Commerce Service With Douyin
ByteDance-owned news and content aggregation platform Toutiao has announced recently that its livestreaming section will be wholly upgraded and that its streaming services will be provided by Douyin, the Chinese mainland version of TikTok.
Huawei Establishes Third Batch of “Legions”
According to internal messages, Chinese telecommunications and electronics firm Huawei held an inaugural meeting on May 26 for the formation of its third batch of integrated teams, or “legions.” Ren Zhengfei, Meng Wanzhou and other senior executives attended the meeting.
BYD in Talks to Buy Six Lithium Mines in Africa
Chinese electric vehicle maker BYD is in talks to buy six lithium mines in Africa, The Paper reported on Tuesday, citing sources familiar with the matter.
Meituan, Hello Inc. Among Tech Firms Promoting Shanghai’s Revitalization
Following weeks of stringent lockdowns intended to control a local outbreak of COVID-19, the Shanghai government has recently issued a series of policies aimed at revitalizing the city’s economy. Major digital platforms offering daily services to Shanghai residents have also adopted measures to support the efforts, including Meituan Waimai, DiDi Global Inc., Saicmobility, T3 Travel, Hellobike, and others.