Pandaily's Digest | Oct 10, 2023
Editor's note: Chinese social media influencer Li Ziqi, who had been on hiatus for two years, made a brief appearance on Saturday Evening.
Chinese Influencer Li Ziqi Returns After Two Years
On October 7th, in the official promotional video for “the Wonderful Night of Douyin”, Chinese social media influencer Li Ziqi, who had been on hiatus for two years, made a brief appearance. Link
Headlines from China
Mihoyo Invests in Nuclear Fusion, the ‘Honghuang 70’ Tokamak Main System Deliveres
FusionEnergy issued an announcement stating that the main system of the 'Honghuang 70' Tokamak device was completed and delivered. Link
Chinese Scientists Unveils Technology for Predicting Thermal Runaway in Lithium Batteries
A Chinese research team has recently made a breakthrough in technologies that allow early prediction of lithium battery thermal runaway, which has been considered one of the biggest bottleneck in the development of electric vehicles. Link
WM Motor Applies for Bankruptcy Review
WM Motor has recently officially applied for bankruptcy review, and the handling court is Shanghai Third Intermediate People's Court. Link
Bitmain Temporarily Halts Employee Salary Payments
Chinese Crypto mining machine manufacturer Bitmain has reportedly suspended employee payments for September. Link
News You Shouldn’t Miss
Alibaba responds to the Reported Closure of Open Research Institute “Luohan Academy”
On Monday, Alibaba refutes recent rumor about the closure of Luohan Academy. Link
Neta Auto Deepens Strategic Cooperation with CATL
On October 7th, Chinese electric vehicle (EV) startup Neta Auto signed a strategic cooperation agreement with CATL. Link
Pinduoduo’s Cross-border E-commerce Platform Temu Charges A Service Fee of 0.5%
Recently, Temu has introduced a new agreement to sellers. The 0.5% service fee rate mentioned in the agreement is interpreted as a signal that the platform will start charging commissions. Link
OPPO Find N3 Flip Foldable Phone Will Be Released Globally on October 12th
OPPO's global official website announced that the OPPO Find N3 Flip will hold a launch event at 7:00 PM on October 12th (at Beijing time). Link
NIO Executive Claims that Battery Electric Vehicles Charge Twice as Fast as Extended-range Vehicles
Shen Fei, the Senior Vice President of NIO Power, indicated that the charging time for extended-range vehicles is twice as long as battery electric vehicles. Link
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