Tencent Tech, Author at Pandaily

Bonjour Paris! Xiaomi Officially Enters France with its First Store Now Open in Paris

Xiaomi announced its official entry to the French market yesterday. This marks another milestone in Xiaomi’s expansion into the Western European market after it entered Spain last November.

Luckin Coffee to File Lawsuits Against Starbucks in China for Unfair Competition

Luckin Coffee, a rapid expanding Chinese coffee shop, released an open letter on Tuesday, accusing Starbucks of its monopoly causing unfair competition in the market and hindering their business development.

Elon Musk: Tesla’s Second Gigafactory to be Built in China

In mid-April, media reported that in a summit organized by the Chinese auto industry, a source disclosed that Tesla will establish a wholly-owned factory in China in 2018.

Mobike Founder Hu Weiwei Becomes New CEO Replacing Wang Xiaofeng

On April 28, Wang Xing, Chairman of Mobike and CEO at Meituan-Dianping together with Mobike founder Hu Weiwei announced the new organizational adjustment in an internal letter.

JD.com Entering the E-Commerce Market in Spain with Joybuy.es

On April 16, Liu Qiangdong, Chairman and CEO of Jingdong Group, or better known as JD.com, came to Madrid, Spain, to attend the World Retail Conference (WRC). He is also publicizing JD’s Spanish website Joybuy.es that was just released for public testing on April 12.

Chinese Business Leaders on the Future of Technology at Boao Forum for Asia

The unprecedented rapid development of science and technology is accelerating the transformation of labor production and human life. Today, artificial intelligence is no longer a distant concept, but a gradually penetrating element into everyday life.

Unmanned Shelves Are Dead, Will Smart Vending Machines Survive?

In half a year’s time, the craze for unmanned shelves has quietly passed, some enterprises left the industry while others turned these shelves into smart vending machines.

Facial Recognition Implemented at Beijing Capital International Airport

Beijing Capital International Airport (BCIA) is the first to implement facial recognition for security check in China. It is now being tested at Terminal 2 of the airport. The new security screening system will significantly reduce the amount of time for passengers to go through security checks.

DJI’s Pre-IPO Round Oversubscribed by 30 Times with $15B Evaluation

“Now DJI is too popular,” says one of the investors involved in this round of DJI financing. DJI has recently released the bidding results for the initial round of its new round of financing.

China’s Smartphone Manufacturers Launch New Models into the High-end Market

China’s smartphone manufacturers Huawei, OPPO and Xiaomi recently launched their 2018 cost-effective flagship smartphones to compete in the world’s high-end smartphone market. Currently, Samsung and Apple occupy more than 60 percent of the high-end smartphone market.

YOUXIA Motors Raised 5 Billion Yuan in Series B Financing

On March 31st, YOUXIA Motors announced its completion of Series B financing at a press conference, revealing the company’s financing information for the first time since its establishment in 2013.

iQIYI aims to become a Disney-scaled entertainment kingdom in 10 years

“I just saw the headlines saying that iQIYI has fought through bitter years, and I want to tell our friends at the press that it wasn’t bitter for us,” said a host from iQIYI Innovation Building in Beijing on March 29.

China’s IT Industry Development Report released

On the afternoon of March 25, Li Ying, executive director of the Digital China Federation, released the 2017 China IT Industry Development Report (hereinafter referred to as the report) at the 2018 China IT Leaders Summit in Shenzhen.

Apple, Starbucks and many others may face huge losses in a China-US trade war

In the early hours of March 23, Beijing time, CNNMoney.com reported that a trade war between U.S. and China would be very bad news to some big U.S. companies.

Huawei respects Best Buy decision to stop selling Huawei phones

According to CNET, a person close to the situation said that U.S. electronics retailer Best Buy has stopped selling Huawei smartphones.

Beijing government issues first batch of T3 road test license plates to Baidu

On March 22, the Beijing Municipal Government issued its first batch of temporary license plates for autonomous vehicles to Baidu after completing series of procedures such as the closed field test, autonomous driving capacity assessment and expert reviews.

Alibaba adds $2 billion to Lazada investment

Alibaba Group announced today that it will invest another $2 billion in Lazada Group in an effort to accelerate its growth and deepen its integration with the Alibaba ecosystem. Lazada is the largest e-commerce platform in Southeast Asia.

Hong Kong’s richest man Ka-shing Li retires at 89

On the afternoon of March 16, 89-year-old Ka-shing Li (born on July 29, 1928), the Chairman of CK Hutchison Holdings Limited, officially announced his retirement.

Tencent AI Lab and Nature Research jointly promote interdisciplinary R&D for AI in medicine

At Tencent AI Lab’s second academic forum on March 15, Tencent AI Lab announced a strategic cooperation with Springer Nature’s Nature Research. The partnership will promote the interdisciplinary research of AI in the medical care field and the integration of AI in learning and research.

China’s Blockchain regulation: Seven ministries demanded immediate cessation of ICOs

On the morning of March 9, a press conference was held at the first session of China’s 13th National People’s Congress (NPC). Xiaochuan Zhou, the governor of the People’s Bank of China, answered questions about Bitcoin and initial coin offerings (ICO).

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