Pandaily's Digest #20220610
LatePost reported on Wednesday that Chinese e-commerce company JD.com will attempt to develop a food delivery business.
JD.com to Attempt Food Delivery Business
LatePost reported on Wednesday that Chinese e-commerce company JD.com will attempt to develop a food delivery business. Under the arrangement, merchants will operate through the JD Daojia app, and DADA Group is to be made responsible for delivery logistics.
Geely Plans New Energy Vehicle Project in Haikou
The High Technology Industry Development Zone in Haikou, China’s Hainan Province, signed a cooperation agreement on Wednesday with Geely Commercial Vehicle Group, planning to build a new energy vehicle project in the zone.
Logistics Firm BEST Inc. Regains Compliance With NYSE Listing Standards
BEST Inc., a China-based smart supply chain solutions and logistics services provider, announced on Thursday that it has received notice from the New York Stock Exchange that the company has regained compliance with listing standards.
NBA Players Including Allen Iverson to Hold Kuaishou Livestreams
During this season’s ongoing National Basketball Association Finals, Kuaishou, a Chinese short video platform and strategic partner of the NBA, has laid out a diverse content matrix for its users.
Tencent Unveils Carbon-Neutral Products Targeting Energy Sector
Chinese internet giant Tencent released two energy sector products on Thursday, including “Tencent EnerLink” and “Tencent EnerTwin.” This marks further efforts by Tencent in the direction of carbon neutrality, and it is also the latest progress of Tencent Cloud in deeply laying out across the energy industry, helping to achieve digital transformation.
BYD SUV Tang DM-p Opens for Pre-Sale, Starting From $43,761
Leading Chinese automaker BYD’s flagship SUV, the Tang DM-p, opened for pre-sale on Thursday night. The new model has three versions, with a pre-sale price range of 292,800 yuan – 332,800 yuan ($43,761 – $49,740).
Hillhouse Capital Setting Up Secondary Fund Team
Investment institution Hillhouse Capital has reportedly been seeking buyers for some of its projects. The firm has responded to the news, claiming that “secondary fund is our new strategy.
Source Code Capital Launches Yisu Division for Seed Investment
Source Code Capital officially released “Source Code Yisu” on Friday, operating the firm’s seed-stage business independently within the investment system.
Tencent Reaffirms Many of Its Games Add Tencent Tianyou as Main Operator
On Friday, Tencent Games officially responded to the matter, assuring that its subsidiary Shenzhen Tencent Tianyou Technology Co., Ltd. is one of the key entities in Tencent Group’s game operations.
Ziroom Lays Off 20% of HQ Staff, Property Count Falls by Nearly 150K
Ziroom, a home rental platform based in Beijing, is reportedly conducting layoffs of around 20% of staff at its headquarters, which currently has less than 4,000 employees in the middle and back offices and functional departments, except for the front-line business departments.