Pandaily's Digest #20220805
A pair of ByteDance subsidiaries have reportedly achieved a 100% shareholding ratio in Amcare, a high-end Chinese women’s and children’s hospital, as part of a move to explore medical services sector.
ByteDance Acquires High-End Women’s and Children’s Hospital Line Amcare
A pair of ByteDance subsidiaries have reportedly achieved a 100% shareholding ratio in Amcare, a high-end Chinese women’s and children’s hospital, as part of a move to explore the offline medical services sector.
According to China’s National Enterprise Credit Information Publicity System, as of June 24, Xiaohe Health (Hong Kong) Limited, a newly-added shareholder of Amcare, held 69.5% of shares, while the existing shareholer – Xiaohe Health Technology (Beijing) Limited – held the other 30.5% of shares. These two companies are affiliated with Beijing-based tech giant ByteDance, which is also the owner of TikTok.
CATL to Supply M3P Batteries to Tesla in Q4
According to local media outlet LatePost on August 3, Chinese battery giant CATL will supply Tesla with M3P batteries in Q4 of this year, which will be installed in Model Y models with 72-degree battery packs. This version of the Model Y will be launched early next year.
China Passenger Car Association: Tesla’s July Domestic Sales Totaled 30K Units
According to a report released by the China Passenger Car Association on August 4, BYD’s wholesale volume in July reached 162,200 units, while Tesla’s domestic wholesale volume in July was estimated to be 30,000 units. SAIC-GM-Wuling ranked second in the new energy passenger car market during the period, with a wholesale volume of 59,300 vehicles.
Uniswap Community Proposes Creation of Uniswap Foundation to Boost Exchange
Two Uniswap community members have submitted a governance proposal to create the Uniswap Foundation, which has the mission of supporting the decentralized growth and sustainability of the Uniswap Protocol and its supporting ecosystem and community.
Chinese Brands to Launch Ultra-Micro Selfie Camera Full-View Smartphones
A prominent Chinese tech industry blogger with Weibo account name “Digital Chat Station” broke the news on August 3 that Chinese smartphone manufacturers are researching new full-view screen smartphone solutions, and that some will launch an “ultra-micro selfie camera solution.” This feature will package the selfie camera on the smartphone’s frame, without a heavy mechanical structure or affecting the screen, and with better imaging quality.
Geely’s Geometry Auto to Use Huawei HarmonyOS in New EV
Geometry Auto, a new energy vehicle brand under Chinese auto firm Geely, officially announced on August 4 that it has reached a cooperation with Huawei’s HarmonyOS to create a new intelligent automotive ecology.
ByteDance’s Douyin Denies Rumors of Acquiring Missfresh
On August 4, the stock price of Nasdaq-listed retailer Missfresh rose rapidly before the close of trading, posting an increase of more than 160%, amid market rumors that ByteDance’s Douyin is considering an acquisition. Chinese media outlet tech.163 obtained a response from Douyin, which asserted such reports are untrue.
NIO Establishes Mobile Technology Subsidiary
NIO Mobile Technology Co., Ltd. was formally established in Shanghai on August 4, to be mainly engaged in software and information technology services. The registered capital of the new enterprise is $100 million, and its legal representative is Qin Lihong, the co-founder and president of Chinese electric vehicle firm NIO Inc.
Digital Asset Exchange ZB.com Halts Recharging and Withdrawals After Possible Hacking
ZB.com, a digital asset exchange that claims to be the world’s most secure, has suddenly issued a notice saying that due to a technical failure it has stopped charging and withdrawal services, without mentioning any resumption time.
CMGE and DreamWorks Animation LLC to Jointly Launch New Mobile Games
China Mobile Games and Entertainment Group Limited (CMGE) announced on August 5 that it has obtained a full range of IP authorization under DreamWorks Animation LLC, and it will invent and launch the first IP All-Star mobile game globally, tentatively called the “DreamWorks Animation Alliance.”