Pandaily, Author at Pandaily

NVIDIA Denies Supply Cut to Chinese Market

NVIDIA China denies the untrue rumors of cutting off supply to the Chinese market, and reiterates that China is an important market.

Malta Calls for Recall of Children’s Shoes with Excessive Harmful Chemicals Sold on Shein and Temu

The Malta Competition and Consumer Affairs Authority has issued a recall notice for five children's shoe products on the ecommerce platforms Shein and Temu due to concerns about potentially harmful chemicals.

Tesla Cybertruck Getting Closer to Entering Chinese Market

While Tesla Cybertruck passed the energy consumption calculation declaration, it is just one of the many requirements for a car to enter the Chinese market.

Pony.ai and GAC AION Cooperate, the First Batch of Robotaxi Vehicles Will Be Launched Next Year

On December 11th, Pony.ai and GAC AION held a Robotaxi strategic cooperation signing ceremony.

CapCut Reported Nearly 10 Billion Yuan in Revenue for 2024, Achieving Triple-Digit Growth

Under the ByteDance umbrella, CapCut achieved a revenue growth of over three digits in 2024, with total revenue close to 10 billion yuan.

Geely-backed EV Brand Jiyue Faces Business Collapse, with Sudden Large-Scale Layoffs and Multi-Debt Defaults

On December 11th, Xia Yiping, CEO of the Chinese electric car brand Jiyue, sent out an internal message to his employees admitting that the company is currently "facing challenges and needs to make immediate adjustments".

iMotion and Horizon Robotics to Develop Comprehensive Intelligent Driving Solution Using J6E

Chinese autonomous driving solution provider iMotion will strategically collaborate with Horizon Robotics to develop an intelligent driving solution based on the Horizon Journey Series 6E chip.

CATL’s Third European Battery Plant Lands in Spain

On December 10th, CATL and Stellantis, the world's fourth-largest automotive group, inked a deal, each holding a 50% stake to form a joint venture.

Xiaohongshu Establishes Application Algorithm Department

Recently, Xiaohongshu integrated the algorithm departments of commercialization, community, and e-commerce, establishing a new app Algorithm Department.

BYD Invests in Zhuoyu Technology Under DJI

BYD strengthens its layout in intelligent driving by investing in DJI's subsidiary, Zhuoyu Technology.

Jack Ma Speaks at Ant Group’s 20th Anniversary Event

On December 8th, Jack Ma attended the 20th anniversary event of Ant Group and gave a speech.

AGI Robot Company Xiaoyu Bot Completes A Billion Yuan Series A Financing

The first large-scale robot company invested by Xiaomi - Xiaoyu Bot has completed a billion yuan angel investing round.

Xiaomi YU7 Declared, Expected to Launch in June or July Next Year

Xiaomi's first SUV model YU7 rendering released, official expected to be launched in June or July next year.

Meitu Made Nearly 600 Million by Selling Cryptocurrency

On December 4th, Meitu announced that it had liquidated its cryptocurrency holdings, making a profit of approximately 571 million yuan.

NIO Plans to Launch the “E2E” Large Model Architecture in January Next Year

NIO plans to release version 3.1.0 of the Banyan intelligent system in January 2025, which will achieve the first push of an E2E large model architecture for intelligent driving.

Allen Zhu Exposes Conflict Between Moonshot AI and Recurrent AI Shareholders

On December 5th, Allen Zhu, managing partner of GSR Ventures, listed three "facts" aimed at exposing the true nature of the conflict between Moonshot AI and Recurrent AI's old shareholders.

Neta Auto CEO Speculated to Have Resigned

On December 2, Neta refuted rumors about Zhang Yong's resignation. A Neta Auto representative stated, "He is still with the company and has not resigned. The company's operations continue as usual."

Temu Temporarily Suspends Services in Vietnam at Regulatory Request

Currently, orders purchased on Temu cannot clear Vietnamese customs. Only after permission from the Ministry of Industry and Trade, can customs procedures be processed for import and export goods traded through Temu.

General Motors Addressed Rumors of Its Restructuring in China Amidst Market Challenges

GM's Jim Cain is cautiously optimistic about regaining profitability in Chinese ventures with SAIC Motor, without additional GM investment.

World’s First Consumer AR Glasses ‘XREAL One’ with Native 3DoF Support Released

On December 5th, XREAL announced the launch of "the world's first consumer-grade AR glasses that support native 3DoF - XREAL One.

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