Pandaily's Digest | Jan 24, 2024
Editor's note: On January 20th, Jensen Huang, CEO of AI chip giant Nvidia, concluded his visit to mainland China, as confirmed by Nvidia China.
Nvidia CEO Visits China Amid New Product Launches
On January 20th, Jensen Huang, CEO of AI chip giant Nvidia, concluded his visit to mainland China, as confirmed by Nvidia China. The visit, which marked Huang’s first in several years, involved meetings with employees and attendance at the annual gathering at Nvidia’s offices in Beijing, Shanghai, and Shenzhen. Link
Headlines from China
Corporate Changes Completed at Ant Group
Ant Group has restructured its shareholder setup in January to align voting rights with economic interests, eliminating the potential for single or joint shareholder control. Link
OnePlus 12/12R Debuts Overseas, Starting at €699
On January 23rd, OnePlus held a launch event in New Delhi, officially introducing the OnePlus 12 and OnePlus 12R to the overseas market, along with the true wireless earphones OnePlus Buds 3. Link
JD.com to Sponsor China’s 2024 Spring Festival Gala, Aiming at Acquiring More Users from Small Cities
JD.com is gearing up to make a significant impact during the Year of the Dragon Spring Festival Gala, leveraging its various businesses. Link
Alibaba Confirms Major Share Accumulation by Jack Ma and Blue Pool Fund, Stock Soars
Alibaba has been one of the Chinese internet companies that has been most aggressively repurchasing its shares in the past year. Link
News You Shouldn’t Miss
Riot Games Announces Layoffs of 530 People
Riot Games, a subsidiary of Tencent, announced today its plans to reduce its workforce by 530 employees, which constitutes approximately 11% of the total personnel. Link
PICO’s VP Resigns to Launch Cross-Border E-commerce Startup
ByteDance's Vice President of its virtual reality division, PICO, Ren Lifeng, has officially resigned to embark on a new entrepreneurial journey in the cross-border e-commerce sector. Link
Oriental Selection Teams Up with TikTok for Overseas Expansion
Oriental Selection is exploring overseas markets with TikTok, improving the efficiency of product procurement processes by integrating high-quality supply chain resources. Link
ByteDance Starts New Payroll Policy to Incentivize Staff
Recently, ByteDance has made further adjustments to its salary and incentive policies. Link
Luckin Coffee and Moutai Jointly Launch the “Dragon Year Sauce Fragrance Chocolate”
On January 22nd, Luckin Coffee officially launched the joint drink "Dragon Year Sauce Fragrance Chocolate" in collaboration with Kweichow Moutai. Link
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