Pandaily's Digest | Nov 18, 2023
Editor's note: The Chinese Ministry of Industry and Information Technology announced the declared model information of Xiaomi's car.
Xiaomi Car to be Manufactured by BAIC with BYD Battery
On November 15th, the Chinese Ministry of Industry and Information Technology announced the declared model information of Xiaomi's car. BAIC will be the manufacturer, with BYD as the battery provider. Link
Headlines from China
ByteDance Is Considering Selling A Game Studio Valued at $4 Billion
According to informed sources, ByteDance is considering selling its subsidiary game studio MOONTON Games in order to streamline operations and focus on core business. Link
Tencent Released Q3 Financial Report, Showing a 39% Net Profit Growth
On November 15th, Tencent Holdings Ltd. released its third-quarter financial report, showing a revenue of 154.63 billion yuan, a year-on-year increase of 10%, and a net profit (Non-IFRS) of 44.92 billion yuan, a year-on-year increase of 39%. Link
Tesla Responds to the Sale of Counterfeit Products: Legal Department Will Take Action
On November 15th, Tesla China's customer service responded that if the PMV is confirmed to be an imitation, the legal department will handle it. Link
News You Shouldn’t Miss
Alibaba’s First Batch of Strategic Innovative Businesses: 1688, Xianyu, DingTalk, Quark
During the quarterly analyst conference call, Eddie Wu clarified Alibaba Group's reform measures and provided a comprehensive introduction to the development strategies and priorities of each business group. Link
Baidu CEO Robin Li Comments On China’s AI Industry
At the Shenzhen 2023 X-Lake Forum held on Thursday, Baidu's founder and CEO, Robin Li, gave a speech the on recent development of the AI industry in China. Link
William Li from NIO: Zero Traffic Accidents After 20 Years
Recently, William Li from NIO mentioned during the Tencent News 20th anniversary special event that there will be zero car accidents after 20 years. Link
Huawei Partners with Meituan to Develop HarmonyOS Native Applications
On Monday, Huawei announced a comprehensive collaboration with Meituan using HarmonyOS. Huawei will fully back Meituan in launching the development of native applications for HarmonyOS. Link
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