Pandaily's Digest | Feb 23, 2024
Editor's note: Jiang Lu, a senior scientist at Google and part-time professor at Carnegie Mellon University's School of Computer Science, has joined TikTok.
Jiang Lu, Head of Google’s VideoPoet Project, Joined TikTok
Jiang Lu, a senior scientist at Google and part-time professor at Carnegie Mellon University's School of Computer Science, has joined TikTok. Link
Headlines from China
Chinese Social Media Influencer Faces Backlash Over AI Course Sales Controversy
Recently, a Chinese social media influencer, "Li Yizhou," made headlines on the internet for reportedly earning up to 50 million yuan by selling AI courses. However, both Li Yizhou himself and his AI courses have faced scrutiny. Link
Douyin Denies the Rumored “3 Trillion yuan GMV Target”
Sources close to Douyin e-commerce revealed that in the coming year, the platform's low-price strategy will extend to content scenes, with malls and short videos actively promoting affordable products. Link
NVIDIA’s China Market Challenges Amid Strong Financial Performance
NVIDIA's revenue from data centers in the Chinese region had dropped to single digits and they had begun supplying a small amount of alternative products that do not require licenses to the Chinese region. Link
Leapmotor: Discussions on Cooperation with Various Businesses of Stellantis Group Are Ongoing
Recently, there have been reports that the global automotive giant Stellantis plans to produce Leapmotor cars in Italy. In response, Leapmotor stated that all business collaborations are under discussion. Link
News You Shouldn’t Miss
XPeng Motors Will Launch Multiple Models in the Middle East and Africa Markets in Q2
As XPeng Motors accelerates its overseas expansion 2.0 strategy, multiple models of XPeng Motors will be launched and delivered in five countries across the Middle East and Africa starting from Q2. Link
Pinduoduo’s Temu Sees Explosive Growth in South Korea with Aggressive Marketing Strategies
The number of registered users of Temu in South Korea has increased from 520,000 in August last year to 5.7 million in January this year, nearly tenfold in six months. Link
Taobao Sets Up Live E-commerce Company
On February 20th, Taobao announced the establishment of a live e-commerce company to provide fully managed operational services for celebrities, KOLs, and MCN agencies entering Taobao to start live streaming. Link
China Eastern Airlines Partnered with SHEIN
China Eastern Airlines Logistics and SHEIN aim to enhance collaboration through expanding flight routes, increasing charter services, and strengthening logistics in South China and overseas markets by signing a strategic cooperation memorandum. Link
Cotti Coffee Denies Rumours of Store Closures: Only 61 Stores Have Been Closed
In response to recent rumors on the internet about Cotti Coffee closing down, Cotti Coffee responded that since its opening in October 2022, a total of 61 stores have been closed. Link
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