Pandaily's Digest | Oct 25, 2023
Editor's note: ByteDance's VR business PICO is gradually shrinking its front line this year.
PICO Stops Burning Money for Expansion, Team Size Significantly Shrinks
PICO has lowered its sales target for this year and shifted focus from burning money to expanding the market to deepening user retention. PICO’s team size has also significantly reduced. Link
Headlines from China
California Governor Gavin Newsom Test Drives BYD During Visit to China
California Governor Gavin Newsom visited Shenzhen on Tuesday, and test drove a BYD electric car. Link
Pony.ai Receives $100 Million Investment from Saudi Arabia’s NEOM
Pony.ai has received a $100 million investment from NIF. The two parties will also establish a joint venture in NEOM to produce and operate autonomous taxis. Link
China’s Shenzhou 17 Manned Space Flight Set for Launch Tomorrow at 11:14
According to the announcement from the China Manned Space Engineering Office, Shenzhou-17 is scheduled to launch at 11:14 am on October 26th. Link
iFlytek Unveils Large Model “Spark 3.0” Amidst Stock Price Hitting Daily Limit Down
On Tuesday, iFlytek’s chairman announced the official release of large language model Spark 3.0 on the festival. But the company's stock fell dramatically to its daily limit. Link
News You Shouldn’t Miss
NIO Has Built 600 Battery Swapping Stations on Highways: Covering 26 Provinces and Connecting 211 Cities
On October 24th, NIO announced that it has built a total of 600 battery swapping stations on highways. Link
iPhone 15 prices Fall Significantly Online, Up to Almost 1,000 Yuan Cuts
Apple's recently released iPhone 15 series models have experienced significant price fluctuations. Link
OnePlus 12 Specs Exposed Once Again
Chinese social media blogger released more information about the highly anticipated OnePlus 12, including USB 3.2, 50W wireless charging, periscope telephoto lens, and infrared remote control. Link
Lei Jun Unveils Xiaomi Hyper OS
Xiaomi founder Lei Jun posted a long article on Weibo to introduce Xiaomi's Hyper OS, officially unveiling its complete system architecture. Link
Hon Hai Group Responds to Foxconn’s Tax Inspection: Actively Cooperating with Relevant Authorities’ Investigation
Recently, relevant departments conducted tax inspection and land investigation on Foxconn's subsidiary companies in accordance with the law. Link
In order to optimize your reading experience, articles linked in our newsletter have changed from those hosted at Substack.com to those on our own website at Pandaily.com. If you have any questions regarding this matter, please contact us at contact@pandaily.com.