Pandaily's Digest #220905
In the first half of 2022, the sales of cross-border e-commerce platform SHEIN exceeded $16 billion, with a year-on-year growth rate of over 50%.
SHEIN’s GMV Soared to $16B in H1 2022
In the first half of 2022, the sales of cross-border e-commerce platform SHEIN exceeded $16 billion, with a year-on-year growth rate of over 50%. With the arrival of the peak season, the fast fashion retailer is expected to achieve its annual sales target of $30 billion one year ahead of schedule.
NIO Launches In-Car AR Glasses Co-Developed With Nreal
On September 5, Chinese new energy vehicle company NIO announced that its NIO Air AR Glasses, which have been co-developed alongside AR startup Nreal, are now available on the firm’s online store.
Ride-Hailing Firm Wanshun to Go Public in US Via SPAC
Wanshun Car-Hailing, a Shenzhen-based ride-hailing service platform, has recently reached a cooperation agreement with an overseas special-purpose acquisition company (SPAC), planning to be listed in the US this year.
CATL Partners With Leading Solar PV Inverter Firm Sungrow
Chinese battery giant CATL announced on September 4 that it had discussed global cooperation with Sungrow Power Supply (“Sungrow”), the leading solar photovoltaic (PV) inverter provider, in new energy fields such as energy storage, and that the both sides have formally signed a strategic cooperation agreement.
CTO of Alibaba’s Overseas E-Commerce Operations Leaves Firm
Tang Xing, the CTO of Alibaba‘s overseas e-commerce operations and the general manager of AliExpress Basic Platform Center, has left the firm, domestic media outlet China Entrepreneur reported on September 2. According to sources close to Tang, the executive has departed for personal reasons, and he might start a new business in the future.
Tesla’s August Sales in China Expected to Reach 77,000 Units
According to comments on September 1 by Cui Dongshu, Secretary General of the China Passenger Car Association, Tesla’s August delivery volume in the country is expected to have totaled about 77,000 vehicles, an increase of 173% from July.
This figure has been confirmed by Tesla. The firm sold 44,264 vehicles in August last year, which means that its delivery volume in the same month this year increased by an estimated 74% year-on-year.
BYD’s August Vehicle Sales Up 155% Annually
Shenzhen-based automotive firm BYD, which has recently faced reports of Warren Buffett’s share reduction, released its latest sales data on September 2. In August, BYD’s total sales reached a new high, with a monthly sales volume of 175,000 units, up 155% year-on-year.
Users of Tencent Music’s Digital Collection Platform Demand Refund
Ever since Huanhe, a digital collection platform owned by Tencent, stopped distribution on August 16, Tencent Music Entertainment’s digital collection platform has also attracted users’ attention. Some have demanded a refund like Huanhe.
Caocao Mobility and Geely Cooperate to Create Commercial Automated Driving Platform
Caocao Mobility, a Geely-backed online ride-hailing platform, started cooperation related to robotaxison September 5 with the Smart Driving Center of the Zhejiang Geely Automobile Research Institute. They plan to build China’s first open commercial smart driving travel platform centered on robotaxi operations and a data service business.
Xiaomi Band 7 Pro European Version to Debut
On August 31, Twitter user Kacper Skrzypek broke the news that the Xiaomi Smart Band 7 Pro (international version) had been approved to be launched in Europe. The product has now passed all necessary certifications and may make its debut in the near future.