jiemian, Author at Pandaily

Xiaomi Builds Cars Now – How Does the Plan Work?

On Wednesday, Lei Jun, Co-Founder and CEO of Xiaomi, announced via his Weibo account that Xiaomi Auto Co. Ltd has been officially established, with registered capital of 10 billion yuan ($1.5 billion).

Didi Chuxing Plans to IPO Earlier than Uber at a Valuation No Less than $80 Billion

If Didi Chuxing Technology Co., the Uber of China, succeeds in the initial public offering in 2018, it will bypass Uber to become the world’s first publicly listed ride-hailing company.

Keys to Becoming a Chinese Tech Unicorns: 4 Locations and 3 Companies

As of March 2018, there are 126 unicorn companies in China across 15 industries and 10 cities, with a total valuation of $625.3 billion, or about four trillion yuan.

Spring Festival Goes Global: How Foreigners Celebrate It

More and more foreign figures send greetings to the Chinese people for the Spring Festival.

Mysterious Woman in Charge of Apple Greater China

During the first half of 2017, Apple faced a series of problems in the Chinese market including declining revenue and market share. Isabel Ge Mahe was appointed the first ever Vice President and Managing Director of Apple Greater China during this time.

NetEase Cloud Music and Tencent Music Reach Deep Copyright Agreement, but Competition Still Exists

Chinese users no longer need to fret over the choice between downloading music from NetEase Cloud Music or Tencent Music.

Google China Focuses on AI, Help Chinese Business to Expand Overseas

Google is on the move in China. In December 2017, Google established the AI China Center in Beijing, led by Fei-fei Li, chief scientist of Google Cloud, and Jia Li, the head of research and development in AI and ML. In mid-January, Google confirmed the news it would set up an office in Shenzhen.

Missfresh Raises Largest Financing of $500M

Missfresh partner Xiao-hui Xu announced at the Third A20 New Agricultural Festival on December 24 that Missfresh would complete a new round of financing next week. The capital obtained will be used for unmanned convenience sales.

Baidu Sued Former Executive for Damaging Trade Secrets

Competition in the field of driverless cars is intense, and Baidu is suing its former senior executive.

Tencent Sets its Sights on Order as it Turns 20

At the annual staff meeting on December 15, Tencent chairman and CEO Pony Ma, President Martin Lau, COO Ren Yuxin and Senior VP Zhang Xiaolong spoke about the company’s performance and the year ahead.

XPENG Motors Gets Money from Huawei, Xiaomi, Foxconn for ‘Electric Auto 2.0’

XPENG has finished its A+ round financing and plans to announce B round financing in early 2018, XPENG Motors Chairman He Xiaopeng said in a Weibo post on December 15. Investment in this round of financing came from Xiaomi, Foxconn and IDG.

Asia’s First Freight Airport to Open in Ezhou, Hubei, SF Express to Invest 2.3B Yuan

SF Express Holding announced its wholly owned subsidiary Shenzhen SF Tyson Holdings had signed a cooperation agreement with the Hubei Provincial Government. SF will build the world’s fourth and Asia’s first professional freight airport in Ezhou.

Twitter Asia-Pacific to Help Chinese Business Expand Abroad, Invest in Live Video

It has been 11 years since Twitter established itself as a new platform for social communication. In that time, it has become one of the world’s most important websites even though it has yet to “grow up”. In doubt? Try following @realDonaldTrump.

Zhang Yiming: AI is at the Early Stages from Laboratory to Large-Scale Commercialization

On December 1, at the A.IDEAS Forum, Toutiao announced the establishment of the Bytedance Strategic Technology Committee. Its first members included professor John E. Hopcroft, a Turing Award winner, Gao Wen, a professor at the Chinese Academy of Engineering, as well as Zhang Ba, a professor at the Chinese Academy of Sciences.

Google Confirms Intent to Establish AI Team in China

Google is not sitting idle while China’s IT giants increase their investments in the AI sector. At the media event held in Tokyo, Jeff Dean, the director of Google Brain, said the company is establishing its AI team in China, and is mainly recruiting in Beijing and Shanghai.

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