Pandaily's Digest | Jan 4, 2024
Editor's note: Chinese tea brand Goodme and Mixue simultaneously submitted their Kapbook to The Stock Exchange of Hong Kong.
Mixue and Goodme Simultaneously Submit Applications to Hong Kong Stock Exchange
On January 2nd, Chinese tea brand Goodme and Mixue simultaneously submitted their Kapbook to The Stock Exchange of Hong Kong. Link
Headlines from China
Baidu Terminates $3.6 Billion Acquisition of YY Live
Delivery conditions have not been fully met, Baidu, Inc. terminates the $3.6 billion acquisition of YY Live. Link
Alipay Is Testing the Social Feature ‘Interest Community’
Alipay is currently testing a social feature called 'Interest Community', which aims to help users discover interesting things and find playmates. Link
Pinduoduo’s Local Grocery Shopping Service Has Been Completely Suspended
The local life project of Duoduo Mai Cai was originally planned to be launched in February 2024. However, Pinduoduo officials stated that the local life business has been completely discontinued. Link
News You Shouldn’t Miss
XPENG AEROHT’s Flying Car Aims to Achieve Mass Production in Q4 2025
XPENG AEROHT flying car aims to start mass production in the fourth quarter of 2025, with assembly being handled by Guangdong XPeng. Link
Xiaomi EV Distribution Will Use A Combination of Direct Sales and Agency Models
Xiaomi's automobile channel will adopt a similar direct sales + agency model as XPeng Motors. Link
XPeng’s XNGP ADAS Expands Coverage to 191 Cities
The urban driving capability of the XNGP Advanced Driver Assistance System by XPeng Motors covers a total of 243 cities. Link
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