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On November 10th, BYD announced that the first batch of production vehicles for the BYD YangWang U8 has officially rolled off the assembly line and delivery is about to begin.
ByteDance has leased and completed the decoration of the entire 37th floor of Hong Kong International Financial Centre. Many employees have already moved in for work.
On November 7th, BEST Inc. announced that its board of directors had received a preliminary non-binding offer from a buyer consortium consisting of Alibaba, Cainiao, and the company's founder, Zhou Shaoning, to acquire all of the issued ordinary shares.
On November 7th at 10 am, PICO, the VR business of ByteDance, held a company-wide meeting to officially announce its organizational restructuring plan.
Sinovation Ventures Chairman Dr. Kai-Fu Lee led the establishment of AI 2.0 company 01.AI, which officially open-sourced and released its first pre-trained large model Yi-34B on November 6th.
On November 6, Alibaba International announced the pilot launch of “Aidge,” its first commerce-centric, AI-powered suite of APIs that is poised to streamline global operations for enterprises.
On November 5th, Michael Kirsch, CEO of Porsche China, stated that currently Porsche's sales and scale in the Chinese market are not sufficient to support local production.
In a memo addressed to the entire company, NIO CEO Li Bin mentions that the company plans to reduce approximately 10% of positions, and the specific adjustments will be completed in November.
