Pandaily's Digest #20220608
Chinese regulators are concluding their probes into platforms including Didi, Full Truck Alliance, and Kanzhun, in preparation of lifting the current ban on adding new users.
Chinese Regulators to Reinstate Didi and Full Truck Alliance’s Apps
Chinese regulators are concluding their probes into ride-hailing platform Didi, digital freight platform Full Truck Alliance, and online recruitment platform Kanzhun, in preparation of lifting the current ban on adding new users. As a result, these companies’ apps will now be allowed to be listed on domestic app stores and allow new registrants, the Wall Street Journal reported on Monday, citing people familiar with the discussion.
NIO Releases Portable Charging and Discharging Device
Chinese automaker NIO on Monday released a portable charging and discharging integrated machine that aims to meet a variety of needs. It will reportedly be available for rentals at the end of July, supporting all NIO models released for mass production and other brands with national standard charging ports.
Chinese Minister of Science and Technology Comments on Supervision of Tech Industry
At a press conference held on June 6, Wang Zhigang, the Minister for the Ministry of Science and Technology in China, responded to media questions regarding the regulatory restrictions on the technology industry are being relaxed.
ByteDance’s Douyin Tests New Novel Channel
Tech Planet reported on Tuesday that ByteDance’s Douyin has tested a functional channel called “Novel” on the homepage of its tablet app, allowing users to select e-books that can be read on the platform.
China-India Tech Trade Surges Despite Wary Ties
There is a curious paradox in the relationship between the world’s two most populous countries. On one hand, Himalayan border skirmishes that began in May 2020 threaten to significantly escalate tensions between China and India, which have repeatedly found themselves at odds with each other throughout past decades. On the other hand, flourishing trade offers a glimpse of an economic partnership with potentially mammoth proportions.
BYD Surpasses Volkswagen to Place Third in Global Auto Rankings by Market Value
Company Market Cap’s list of automakers showed on Tuesday that Tesla ranks first in terms of total value, followed by Toyota, and that BYD has surpassed Volkswagen to take third place. It is the only Chinese car company in the top ten spots.
The Or Foundation and SHEIN Lay Groundwork for Global Change With Producer Responsibility Fund
The Or Foundation, a US and Ghana-based not-for-profit organization at the intersection of environmental justice, education and fashion development, and SHEIN, an online retailer of fashion, beauty and lifestyle products, on Tuesday announced a multi-year agreement which will launch SHEIN’s Extended Producer Responsibility (EPR) Fund.
New Energy Vehicle Companies Enter Insurance Industry
Since the beginning of this year, many Chinese new energy vehicle companies have entered the insurance industry by acquiring or setting up insurance brokers. Some experts have pointed out that new energy vehicle manufacturers can make use of their own information advantages to reduce auto insurance premiums and improve their competitiveness.
BYD to Supply Batteries to Tesla
Lian Yubo, Executive Vice President of Chinese automaker BYD and President of BYD’s Automotive Engineering Research Institute, said that BYD will supply batteries to Tesla in a recent interview with Kate Kui, a senior Chinese financial media figure.
MetaJam: You Are What You BUIDL
When the ETH Shanghai Hackathon was on fire, Pandaily interviewed two of the four Co-Founders of MetaJam – Jean and Bob – looking back at their ‘Aha!’ moment for entering the rabbit hole of Web3, and their cautious but ambitious expectations for the future.