Pandaily's Digest | Feb 14, 2024
Editor's note: Temu has invested heavily to broadcast advertisements during the Super Bowl and provide millions of dollars' worth of giveaways, hoping to continue driving its sales growth in the US.
Temu’s Advertisement Appeares in the Super Bowl, Costing $230,000 Per Second
Pinduoduo‘s cross-border e-commerce platform, Temu, has invested heavily for the second consecutive year to broadcast multiple rounds of advertisements during the Super Bowl and provide millions of dollars’ worth of giveaways, hoping to continue driving its sales growth in the United States. Link
Headlines from China
To Attract Young Voters, the Biden Campaign Team Sets Up An Account on TikTok
US President Biden's campaign team took advantage of the momentum of the Super Bowl to create a TikTok account, in order to attract support from young voters. Link
Airbnb CEO: China’s Outbound Tourism Will Surpass 2019 Levels by the End of 2024
On February 14th, Airbnb, the homestay booking platform, announced its financial performance for the fourth quarter and full year of 2023. Link
Tesla China: No Plans for A Model Y Facelift in the Chinese market This Year
Tesla China has revealed that there are no plans for a Model Y facelift in the Chinese market this year. Link
CEO Jiang Fan Outlines Future Strategies as Alibaba International Exhibits Steady Growth Driven by AliExpress in December Quarter, 2023
On Feburary 7, Alibaba released its financial results for the quarter concluding on December 31, 2023. Alibaba's International Digital Commerce Group (AIDC) largely surpassed expectations, delivering an impressive performance with a 44% year-on-year increase in revenue, and an overall orders growing by 24% year-on-year. Link
News You Shouldn’t Miss
China’s Chang’e-6 Prepares for Lunar Sample Return Mission
During the Spring Festival, related tests for Chang'e spacecraft to head for the moon were carried out at the Wenchang Spacecraft Launch Site in China to prepare for the launch in the first half of the year. Link
China’s First EtherCAT-Enabled HPM6E00 Chip Completes Initial Verification
Shanghai-based HP Micro Semiconductor Technology Co., Ltd. has successfully completed the first phase of verification for its high-performance HPM6E00 chip, the first in China to feature an EtherCAT Slave Controller (ESC) authorized by Germany's Beckhoff. Link
Digital Red Packets Drive Record Online Transactions on Chinese New Year’s Eve
On Chinese New Year's Eve, as the clock struck midnight, the peak of online payment transactions processed by NetsUnion Clearing Corporation and China UnionPay reached a record high. Link
Huawei Developing Advanced Vision Headset with In-House Chip and 4K Micro-OLED Screen
Huawei is said to be developing a new Vision headset, priced at around 15,000 yuan, featuring an in-house chip for near-zero latency in spatial operations. Link
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