Pandaily's Digest | Dec 6, 2023
Editor's note: MOO Music will officially cease its services on December 31st, 2023.
Tencent Will Shut Down MOO Music, Service Ends on December 31st
On December 3rd, Tencent Music Entertainment Group announced that MOO Music, a subsidiary of the group, will officially cease its services on December 31st, 2023. Link
Headlines from China
NIO Secured Official Approval for Independent Car Manufacturing in China
On Monday, the Chinese electric vehicle brand "NIO" obtained official approval from the Chinese authorities for independent car manufacturing. Link
Huawei and Xiaomi’s Contract Manufacturing Plant’s Actual Controller Has Been Arrested
On December 1st, Zowee Technology issued an announcement stating that its actual controller Xia Chuanwu was arrested for suspected insider trading and market manipulation. Link
SenseTime Considers Separate Financing for Its Autonomous Driving and Medical Businesses
Insiders say that SenseTime is considering separating its autonomous driving and healthcare businesses for separate financing. Link
Leadership Transition at Warburg Pincus China, President Wei Zhen Steps Down
On December 4, Warburg Pincus officially announced that Wei Zhen will step down as the President of Warburg Pincus China. Fang Min and Zhou Lang will assume the roles of Co-Presidents of Private Equity Investments in China for Warburg Pincus. Link
News You Shouldn’t Miss
OnePlus 10-Year Flagship Model OnePlus 12 Officially Released
OnePlus 12 can be fully charged in 26 minutes under wired charging, and it only takes 55 minutes to charge the phone to 100% under wireless charging. Link
Xiaomi’s First Car Aims to Ship 300 Units in December, with Preparations Underway for the Exhibition Vehicles
Xiaomi's Yizhuang factory aims to complete the target of assembling 300 vehicles this month for the purpose of supplying display cars to terminals. Link
Li Auto Apologizes for the Uncivilized Driving Behavior of Its Test Vehicles
On December 4th, Li Auto and Qingdao Yuzhe Automobile Engineering Technology Co., Ltd. responded on Weibo to a recent online rumor about uncivilized driving behavior during a test drive. Link
Honda’s China Joint Venture Announces 900 Layoffs
Honda recently announced that it will lay off about 900 contract workers at its Chinese joint venture, GAC Honda Automobile Co., due to a shift towards the electric vehicle market. Link
The Sales Performance of New Energy Vehicles in China in November Has Been Released
A group of NEV companies have successively announced their delivery performance in November. XPeng, Li Auto, AITO, Zeekr, Voyan and other NEV companies achieved a record high in deliveries for November. Link
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