Pandaily's Digest #20220729
Regarding the rumors of dissolution, Missfresh responded on the afternoon of July 28 that under the larger goal of achieving profit, the company adjusted its business and organization.
Missfresh Responds to Rumors of Financing Failure and Company Dissolution
On the afternoon of July 28, many domestic media outlets reported that the recording of a staff meeting within Chinese grocery e-commerce Missfresh was leaked on the Internet. According to the recording, one executive said that the previously announced strategic investment with Shanxi Donghui Group is still in the process of negotiation. Although it has been announced and filed with the U.S. Securities and Exchange Commission, the financing has not yet been closed. This has led to the delay of some employees’ wages.
Xiaomi 12S Ultra Equipped With New Self-Developed Chip
Xiaomi’s latest top flagship smartphone, the 12S Ultra, was officially released on July 4 this year. The device is equipped with Xiaomi’s self-developed fast charging P1 chip and battery management G1 chip, which are its major promotional selling points. On July 28, a Chinese blogger revealed that it is also equipped with another new self-developed chip.
Leaked Photos Show BYD Sea Lion EV Road Tests
Shenzhen-based auto company BYD’s monthly sales have increased rapidly after launching the BYD Dolphin after which the company will expand its marine series by launching the Seagull, Sea Lion and Seal series throughout 2022. The BYD Sea Lion model is a pure electric medium-sized SUV, and its road test leaked photo surfaced on July 28.
ByteDance’s VR System Developer Pico Obtains VR Eye Tracking Patent
On July 26, Pico, an affiliated company of ByteDance, was granted a patent named “Eye Tracking Method and System Based on Virtual Reality”, and its application date was March 30, 2021.
Honor to Launch Products at IFA 2022 in Berlin
Honor, a Chinese smartphone brand, announced via Twitter on July 28 that it will launch a series of products at IFA 2022, a major consumer electronics trade show in Germany to be held on September 2.
Vivo Showcases Four 6G Prototypes
On July 27, Chinese tech firm vivo’s Communications Research Institute released its third 6G white paper titled “6G Services, Capabilities and Enabling Technologies”. The report explores the 6G framework and enabling technologies that vivo experts believe will shape people’s lives beyond 2030. At the same time, vivo also showed four 6G technology prototypes and their current status.
Perfect World to Release Tower of Fantasy Overseas on August 10
Chinese game developer Perfect World has announced the launch of an overseas version of its open-world game Tower of Fantasy on August 10, and the number of pre-registrants globally has exceeded 3 million. The game is published by Tencent‘s overseas publishing company Level Infinite.
Pony.ai and SANY Heavy Truck Set Up Joint Venture
Autonomous driving technology company Pony.ai announced a strategic joint venture on July 28 with SANY Heavy Truck, a subsidiary of Chinese heavy equipment manufacturer SANY Heavy Industry.
The two companies will deeply integrate Pony.ai’s “virtual driver” with SANY’s technical accumulation in the field of wire-controlled chassis and vehicle development to jointly develop high-end heavy trucks of automotive grade and with L4-class redundancies.
Sequoia China’s Neil Shen Reduces Meituan Shares Three Times in Five Days
Neil Shen, the Founding and Managing Partner of Sequoia China, has recently sold more Meituan shares, after previously reducing his holdings by 21.07 million shares and cashing out HK$3.9 billion ($496.86 million) in early July.
According to the documents disclosed by the Hong Kong Stock Exchange (HKEx), on July 21, Neil Shen sold 4.36 million shares at an average price of HK$193.1892. On July 22, he sold 82,500 shares at an average price of HK$191.1724. On July 25, he sold 2.1 million shares at an average price of HK$186.5201 per share, reducing his shareholding from 2.73% to 2.69%. He cashed out more than HK$1.2 billion within five days.
Huawei Unveils Products Equipped with New HarmonyOS 3
Chinese tech giant Huawei officially released its HarmonyOS 3, MatePad Pro, MateBook X Pro, FreeBuds Pro 2 and many other new products on the evening of July 27.