Pandaily's Digest #20220704
The topic of “Xpeng P7 model’s airbags didn’t open in the accident” appeared on Weibo’s top trending topics on July 2. According to the car owner, the accident occurred on the morning of June 20.
XPeng Responds to Recent Accident: P7’s Faulty Airbags
The topic of “Xpeng P7 model’s airbags didn’t open in the accident” appeared on Twitter-like platform Weibo’s top trending topics on July 2. According to the car owner, the accident occurred on the morning of June 20. During a heavy rainfall and with the roads inundated with water, the driver tried to apply the vehicle’s brakes causing the vehicle to go into a skid and crash into the guardrails. The owner said that when the accident happened, none of the four airbags in the car popped up, therefore questioning the safety of the vehicle.
Xiaomi 12S Series to Use Self-Developed Power Management Chip Surge G1
Lei Jun, Chairman and CEO of Beijing-based consumer electronics firm Xiaomi, continued to drum up interest in the brand’s upcoming 12S smartphone series on Friday. The company officially announced on Friday that its self-developed Surge G1 battery management chip will be released at 7:00 p.m. on July 4, and it will be installed in the Xiaomi 12S series.
GAC Motor Releases New Hybrid SUV Emkoo
Chinese automobile brand GAC Motor released a compact SUV model “Emkoo” on Thursday morning, with a design based on GPMA architecture. However, the mass production delivery time and price of the new model have not been announced yet. It is expected to be launched in the second half of this year.
TikTok to Launch New Warehousing Plan for UK Market
TikTok is preparing to launch a warehousing plan called “Aquaman” for its e-commerce business in the UK market in the near future. TikTok will stock certain products that have a consistent sales record in local UK warehouses in an effort to shorten the length of time needed for cross-border logistics.
Bilibili Announces Copyright Cooperation with JVR Music
Bilibili, a YouTube-like web platform in China, announced on Saturday that it had reached a copyright cooperation deal with JVR Music. The companies would cooperate in the release of Jay Chou’s new MV at 12:00 a.m. on July 6 and have already started taking viewing reservations.
Tesla Establishes over 1,200 Supercharger Stations on Chinese Mainland
Tesla China said on July 3 that it has to date opened more than 1,200 supercharger stations and over 8,700 super charging piles on the Chinese mainland, covering more than 370 cities and regions.
In January 2022, Tesla also announced the numbers for its super charging piles. At that time, the company said, “Up to now, Tesla has opened more than 1,000 supercharger stations and over 8,000 super charging piles on the Chinese mainland.” This means that in the first half of this year, Tesla’s super charging piles on mainland increased by over 700.
Nike’s Revenue in Greater China Decreases by 9% YoY in Fiscal 2022
On June 27, Nike, the U.S. sportswear giant, released key financial data for its fiscal 2022 fourth quarter and full year ended May 31, 2022. Its share price fell nearly 7% the next day and its market value dropped by $12 billion.
The financial report shows that Nike garnered a revenue of $12.2 billion in the fourth quarter, down 1% year-on-year, while its net profit was $1.4 billion, down 3% from the previous year. In fiscal year 2022, Nike’s annual revenue reached $46.7 billion, up 5% year-on-year, and its net profit was $6 billion, up 5% year-on-year.
Nothing Ear (1) Stick Headset Leaks
Nothing Phone (1), a smartphone phone made by the technology brand founded by Carl Pei, the former co-founder of OnePlus, will be officially released on July 12. Further, according to the news obtained by digital blogger Mukul Sharma on Thursday, the Nothing Ear (1) Stick headset will also be released.
Binance NFT Opens Up Minting Access
Binance NFT Marketplace introduced an NFT Minting feature on Thursday, which allows users to create their own NFT collections and mint NFTs on the BNB Smart Chain and Ethereum network. The NFT Minting feature is now open to all verified users who have at least five followers on Binance NFT.
Venture Capital Firm Tiantu Capital Applies for Hong Kong IPO
Tiantu Capital, a venture capital firm in China, has submitted an application for a listing in Hong Kong. J.P. Morgan Chase & Co. and Huatai International will be its co-sponsors.
Tiantu Capital was founded in 2002 and was listed on the National Equities Exchange and Quotations in 2015 and was one of the earliest professional institutions engaged in equity investment in China. The firm focuses on investment in consumer goods which fall into three broad categories, including: innovative consumption, new retail and consumer finance. Among the 205 companies invested by Tiantu Capital by the end of 2021, 23 companies have gained $1 billion market value.