Pandaily's Digest #20220715
BYD announced on July 14 that it expected a net profit between 2.8 billion to 3.6 billion yuan ($413.8 million – $532 million) in the first half of 2022, up 138.59% to 206.76% year-on-year.
BYD Expects Net Profit to Top 3.6 Billion Yuan, Up 206.76% YoY
Chinese auto company BYD announced on July 14 that it expected a net profit between 2.8 billion to 3.6 billion yuan ($413.8 million – $532 million) in the first half of 2022, up 138.59% to 206.76% year-on-year. The net profit after deducting non-recurring gains and losses was 2.5 billion yuan to 3.3 billion yuan, up 578.11% to 795.11% year-on-year.
Tencent Tests Overseas Version of Honor of Kings in Mexico
Popular Chinese online game Honor of Kings, developed by Shenzhen-based Tencent, is the highest-paid mobile MOBA game in the world, with more than 100 million daily active players. The firm released alpha tests in Mexico for an international version on July 14. The game was developed by TiMi Studios and released by Level Infinite.
China’s New Energy Vehicle Market Sees Strong Rebound amid Robust Car Incentives
China’s marketplace for new energy vehicles posted a strong rebound in June, industry data showed, leading an auto sector turnaround as cash subsidies and tax cuts, part of a wider push for economic stabilization, helped incentivize consumers.
Indian Court Lifts Ban on Vivo, Says OPPO Evaded Import Tax
According to Reuters on July 13, an Indian court lifted a freeze on smartphone maker vivo’s bank accounts imposed by the country’s financial crime agency and ordered the Chinese company to provide a bank guarantee of $119 million.
Alibaba Health Releases ESG Report Covering Healthcare, COVID, Carbon Emissions
Alibaba Health, the flagship healthcare platform of Alibaba Group, recently published its Environmental, Social and Governance (ESG) Report for April 1, 2021 through March 31, 2022 (Financial Year 2022).
Lifestyle Retailer Miniso Completes Hong Kong IPO
Chinese budget lifestyle retailer Miniso has officially listed on the main board of the Hong Kong Stock Exchange (HKEx) with “9896” as its ticker symbol. The firm’s opening share price was HK$13.20 ($1.68) – lower than the actual listing price of HK$13.80 ($1.76).
XPeng CEO He Xiaopeng Unveils Flying Car Video
He Xiaopeng, the CEO and co-founder of XPeng Motors, as well as one of the strongest promoters of flying cars, on the afternoon of July 13 showed a video of the actual operation of the firm’s X1 aerial vehicle. He said that XPeng has creatively revised and applied the operation mode of cars to flying systems, in order to reduce the difficulty of learning to fly.
Pagoda and Meituan Jointly Explore UAV Delivery of Fresh Fruit
An unmanned aerial vehicle (UAV) loaded with fruit, operated by Pagoda, recently took off from Meituan‘s UAV delivery store in Longgang District, Shenzhen. It took only seven minutes for a chilled lychee 2 kilometers away to reach consumers from the completion of packing.
Guangdong to Further Promote Carbon Market Construction
On July 13, China’s Guangdong Provincial Government released a new plan for the development of green finance to support the implementation of carbon peak-related actions. The program requires that by 2025, 40 green franchised institutions will be established in the province, and the growth rate of green loan balance will not be lower than the growth rate of various loan balances. By 2030, the proportion of green credit to all loan balances will reach about 10%, and the carbon financial market is planned to operate effectively.
Douyin Begins to Explore New Food Delivery Model
According to a report by Tech Planet on July 15, users of Douyin, the Chinese mainland version of TikTok, can now purchase combo meal delivery services from restaurants through the platform.