Pandaily's Digest #20221111
Data from Sandalwood show that, as of October 14, the sales volume of PICO 4 on e-commerce channels has been 46,000 units, which is quite bleak on the basis of marketing promotion.
Pico’s Sales Fall Short of ByteDance’s Expectations as Challenges Mount
According to Sina Tech, sources at Pico have said that the company is suffering from internal and external challenges. Data from Sandalwood show that, as of October 14, the sales volume of PICO 4 on e-commerce channels has been 46,000 units. It is worth noting that these statistics are only half a month after the release of the PICO 4, and on the basis of marketing promotion, this sales volume is quite bleak.
XPeng Aeroht Obtains $827M Bank Credit to Research Flying Cars
On November 8, XPeng Aeroht, a flying car company owned by XPeng, reached a strategic partnership with four banks which will jointly provide credit lines totaling 6 billion yuan ($827 million) to the company to support its R&D and manufacturing of flying cars.
SHEIN Pilots Taobao Model in Brazil
SHEIN, a cross-border fast fashion platform based in China, is piloting a model similar to Taobao in Brazil, whereby merchants set up stores directly on the site and are responsible for their own operations and logistics, LatePost reported on November 9. Previously, SHEIN’s business strategy involved designing and purchasing goods by itself.
American Semiconductor Maker Texas Instruments to Finish Packaging and Testing Plant in Chengdu
At the China International Import Expo (CIIE), which opened on November 5, Texas Instruments, a semiconductor design and manufacturing enterprise located in Texas, US, announced that its second packaging and testing plant at the manufacturing base in Chengdu, Sichuan Province, will complete the installation and commissioning of equipment within the year and will be put into production within the next few months.
Chinese Organizations in Silicon Valley Recommend New Jobs for Laid-Off Meta Staff
On the evening of November 9, Meta CEO Mark Zuckerberg announced that the company would lay off 13% of its workforce, affecting more than 11,000 employees. As of the end of September, the multinational technology conglomerate had more than 87,000 staff members.
Geely’s Farizon Auto Small Truck E200S Heads to Chile
Geely-owned new energy vehicle brand Farizon Auto sent a batch of E200S small trucks from Shenzhen Port to Chile on November 10. Followed by Farizon’s vehicle delivery to Costa Rica in June 2022, the shipment marks Farizon’s continuous market expansion in South America.
Adidas’s Q1-3 Revenue in China Down Over 25%
Adidas announced its financial results for the third quarter of 2022 on November 9. The firm’s performance in Greater China, its former growth engine, continued to exhibit poor results, with combined revenue of only 2.66 billion euros in the first three quarters, down 25.3% year-on-year. This is the sixth consecutive quarterly decline recorded by Adidas in Greater China.
Vivo Releases New Imaging Chip, Will Adapt MediaTek’s Dimensity 9200 Chip
Chinese smartphone maker vivo on November 10 released the second generation of its self-developed V2 imaging chip, and introduced in-depth cooperation with MediaTek involving the use of its Dimensity 9200 chip.
BYD Debuts Singapore’s First Blade Battery-Powered Electric Bus at SITCE
The fourth LTA-UITP Singapore International Transport Congress and Exhibition (SITCE 2022) was held from November 2 to 4. During the event, Chinese new energy vehicle manufacturer BYD unveiled Singapore’s first Blade Battery-powered bus, the B12A03.
RoboSense Releases E1 Flash Solid-State Lidar
RoboSense, an intelligent lidar company headquartered in Shenzhen, held a product launch conference and Tech Day on November 7. During the event, the firm officially released its RS-LiDAR-E1, referred to simply as E1, a flash solid-state lidar based on self-developed chips and a brand-new technology platform.