Pandaily's Digest | Sep 22, 2023
Editor's note: Starting from this week, there have been rumors circulating on major social platforms about the upcoming large-scale layoffs at Qualcomm Shanghai.
Qualcomm Shanghai Company Is Reported to Face Massive Layoffs
Reports emerge that a large-scale layoff is planned at Qualcomm Shanghai Company and this round of layoffs will mainly focus on the wireless business research and development department. Link
Headlines from China
NIO’s First Self-developed Chip Is Aimed at Intelligent Cabin, with Ex-Huawei Hisilicon Expert in Charge
NIO's first self-developed chip will be manufactured by Samsung, with the research and development team led by a former Huawei HiSilicon executive. Link
Meituan Delivery Takes Four Months to Expand From Kowloon to Hong Kong Island
On September 19th, Meituan launched its food delivery service KeeTa in Hong Kong Island. Link
FF Changes Global CEO Again, Jia Yueting Increases Stock Holdings with Salary
On September 22nd, Faraday Future announced that the board of directors has appointed Matthias Aydt as the global CEO of FF. Link
Huawei’s Automotive Business Faces Profitability Challenge Amid High-Level Adjustments
Behind the high-level adjustment of Huawei's automotive business, achieving profitability remains the biggest challenge at present. Link
News You Shouldn’t Miss
How Cyberfrontiers and Geopolitical Storms Are Shaping the Future of Digital Dominance
Amidst the backdrop of flowing geopolitics and escalating tech competition, the Taihe Institute think tank held a momentous event in Beijing on September 7th. Link
Huawei Denies Signing Mobile Procurement Agreements with Multiple Governments
Huawei denies signing mobile procurement agreements with governments of Russia, Venezuela, Saudi Arabia, and other countries. Link
BYD Launched the U8 Premium Edition Under Its High-End Sub-Brand Yangwang
BYD has officially introduced the U8 Premium Edition as part of its luxury sub-brand, Yangwang. The price for this model is set at ¥1,098,000 ($150,300), with deliveries scheduled to commence in October of this year. Link
Kunlun Tech Acquires $93 Million Controlling Stakes in Aijie Kexin for AI Chip Development
On September 20th, Kunlun Tech announced that it plans to increase capital and acquire a controlling stake in Beijing Aijie Kexin Technology Co., Ltd., an AI high-performance chip startup. Link
NIO’s “App Store” Launches on September 22nd with 40+ Apps
NIO intelligent cockpit launches “App Store”, over 40 apps will be available starting tomorrow. Link
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