Pandaily's Digest | Feb 28, 2024
Editor's note: ByteDance has released the text-to-image open model SDXL-Lightning.
ByteDance Releases SDXL-Lightning Model For Text-To-Image Generation, Increasing Speed by 10 Times
ByteDance has released the text-to-image open model SDXL-Lightning. This model can generate high-quality and high-resolution images in a very short time, making it one of the fastest text-to-image models currently available. Link
Headlines from China
SHEIN: 7 Months At the Top of Global Shopping App Rankings
Authoritative institution PYMNTS released the global shopping app rankings for February. Chinese cross-border e-commerce platform SHEIN has topped the list for the seventh consecutive month. Link
Texas Instruments Has Laid Off One of Its Power Chip R&D Teams in Beijing
Texas Instruments (TI) recently laid off a chip design team in Beijing. This Beijing team of TI is mainly responsible for the development of low-end power chips, with a team size of about 50 people. Link
NETA Auto Initiates Hong Kong IPO Preparation, Secures Cornerstone Investment Exceeding 2 Billion Yuan
Chinese EV maker NETA Auto initiated preparations for its Hong Kong IPO in Q4 last year, with cornerstone investment exceeding 20 billion RMB. Link
Xiaomi Unveils High-Performance Xiaomi SU7 Electric Vehicle, Set for Q2 2024 Release
Xiaomi's inaugural vehicle, the Xiaomi SU7, is slated for official delivery as early as the second quarter of this year. Link
News You Shouldn’t Miss
Baidu Apollo’s Former Technical Leader, Luo Qi, Joins Nvidia’s Automotive Business Unit
Baidu Apollo's former technical leader, Luo Qi, has joined Nvidia as Nvidia's autonomous driving business continues to expand. Link
Tencent’s Various Products Are Increasing Investment in Short Dramas
Chasing after Douyin and Kuaishou, Tencent's various products are intensifying their efforts in short drama content. Link
BYD Unveiled Yangwang U9
The BYD YANGWANG U9 boasts the DiLink150 intelligent platform, powered by customized 4nm 5G chips, offering an intelligent racing assistant tailored for track driving. Link
Spy Photos of XPENG AEROHT Split-type Flying Car Unveiled
XPENG AEROHT announced that reservations for the split-type flying car will commence in the fourth quarter of 2024, with mass production and delivery slated to begin in the fourth quarter of the following year. Link
BYD Delivers First Batch of Passenger Cars in Hungary, Plans to Open 6 Stores by the End of Year
On February 23rd, BYD successfully delivered the first batch of BYD ATTO 3 vehicles to Hungarian owners. Link
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