Pandaily's Digest #20220711
This week: Crypto investor Sequoia Capital China raises $9 billion, Chinese beauty app Meitu records up to $52.3 million in net losses amid crypto market crash, and more.
China NFT Weekly: Ripple Effects of Crypto Market Crash
This week: Crypto investor Sequoia Capital China raises $9 billion, Chinese beauty app Meitu records up to $52.3 million in net losses amid crypto market crash, Animoca Brands leads $32 million funding round for Web 3.0 gaming company Planetarium Labs, and more.
Grocery E-Commerce Firm Missfresh Discloses Revenue Miscalculations
Missfresh, a grocery e-commerce platform based in China, recently identified certain transactions carried out by its Next-Day Delivery BU in 2021 that exhibited characteristics suggesting questionable transactions.
BYD Launches New ATTO 3 SUV in Singapore
BYD's ATTO 3, the first A-class high-performance SUV built on the firm's e-platform 3.0, was launched in Singapore on July 8, making its debut among ASEAN countries.
Sequoia China Unveils Hóng, A Digital Virtual Employee
Prominent investment institution Sequoia China launched its first digital virtual employee, named Hóng, on July 11.
Four Chinese Online Freight Firms Summoned by Authorities
China's Ministry of Transport has formally summoned four domestic online freight corporations on July 8, namely Huolala, Full Truck Alliance, GOGOX and Didi Freight.
Huawei-Backed AITO M7 Now Available in Huawei Stores
A regional manager of AITO, an EV brand jointly created by Huawei and Seres, said that at present, offline channels are being vigorously laid out.
Tesla Adjusts Asia Pacific Management Structure
Tesla has changed the structure of its Asia Pacific management, with executives in the region now reporting to Tom Zhu, the top Greater China executive.
Alibaba, Tencent, Others Fined for Disclosure Violations
China’s State Administration for Market Regulation (SAMR) published 28 administrative penalties on July 10 for failing to declare illegal concentration of business operators, involving Tencent, Alibaba, Didi, Bilibili, Weibo and other major internet firms, with a total fine of 17.2 million yuan ($2.56 million).
Realme GT2 Master Edition to Adopt X7 Discrete Graphics Chip
On July 11, smartphone brand realme announced that the new model, realme GT2 Master Edition, will be equipped with a new-generation X7 discrete graphics chip.
Hisense Subsidiary Sanden Corporation Wins Five-Year Order From Tesla
Insiders of Chinese home appliance company Hisense revealed that its subsidiary Sanden Corporation (US) had recently received orders for two electric compressor projects from Tesla.