Pandaily’s Digest #20220907
On September 6, Singapore-based tech firm Sea Limited announced that Mark Ren, the chief operating officer of Tencent, had resigned from its board of directors, effective September 5.
Tencent COO Withdraws From Sea’s Board of Directors
On September 6, Singapore-based tech firm Sea Limited announced that Mark Ren, the chief operating officer of Tencent, had resigned from its board of directors, effective September 5.
Tencent’s Share of French Game Firm Ubisoft Rises to 9.99%
The board of directors of French game company Ubisoft on September 6 authorized Chinese tech and gaming giant Tencent to increase its direct shareholding ratio from 4.5% to 9.99%.
Project Galaxy Rebrands as Galxe, Evolves Into Ecosystem
Project Galaxy, a Web3 digital credential data network, announced on September 6 that it has rebranded as Galxe, aiming to show that it has developed from a project into an ecosystem.
CATL Invests $1.87B to Expand Production of New Energy Batteries in Xiamen
China's leading battery firm, Contemporary Amperex Technology Co., Ltd. (CATL), stated on September 6 that its subsidiary Xiamen Times' new energy battery base (phase I) has officially started in Xiamen, Fujian Province.
Crypto Incubator and Advisor PANONY Secures Round-A Funding
Blockchain-focused incubator, investor and adviser PANONY has closed a Series A funding round backed by NGC Ventures, one of Asia's largest crypto investment firms, boosting it to a valuation of $100 million.
What’s Behind the Satellite Connectivity on Huawei Mate 50 Smartphones
Chinese tech giant Huawei announced on September 6 that its new Mate 50 and Mate 50 Pro products are the world's first consumer smartphones to support Beidou satellite connectivity.
Qudian to Cut Investment in Pre-Cooked Dishes Business
After announcing its high-profile entry into the field of pre-cooked dishes in March, consumer-oriented Chinese technology company Qudian announced on September 6 that it would cut back investment in the project.
Ride-Hailing Firm T3 Mobility Joins Huawei’s Petal Travel
T3 Mobility, a Chinese online ride-hailing services provider, has joined Huawei's aggregated service platform for the industry, Petal Travel.
Honda China Reaches Long-Term Purchase Agreement With CATL
Honda's China division announced on September 7 that it had signed a memorandum of strategic cooperation with Chinese battery giant CATL. Honda also will jointly establish a new venture in China at the end of September.
Baidu AI Cloud Releases New Generation Cloud Strategy
Baidu AI Cloud, an intelligent cloud computing brand under Chinese technology giant Baidu, released a new strategy consisting of the "Integration of Cloud and Intelligence, Deepening the Industry" and "Integration of Cloud and Intelligence 3.0".