Pandaily Digest | Feb 13, 2023
Editor's note: Domestic and foreign firms are now eagerly awaiting a resumption of streamlined international business travel to and from China.
Firms Gear Up for China’s Return to Pre-Pandemic Business Travel
Domestic and foreign firms are now eagerly awaiting a resumption of streamlined international business travel to and from China. Link
Headlines from China
Who Will Be the First Successful Developer of Chinese Version of ChatGPT?
As the discussion caused by artificial intelligence chat robot ChatGPT continues to heat up, the science and technology circle is welcoming the new buzz. Many Chinese tech giants have made great efforts to seize the opportunity to create the first "Chinese version of ChatGPT". Link
PDD Holdings’ Temu Blazes E-Commerce Trail With Super Bowl Debut, Canada Expansion
E-commerce platform Temu (pronounced tee-moo) made a big splash at this year's Super Bowl with its commercial, "Shop Like a Billionaire." Link
Xiaomi Auto Strives to Rank in Top Five Worldwide
Lei Jun, the founder of Chinese consumer electronics maker Xiaomi, said on the company's most recent Investor Day that a quarter of his time was spent on mobile phones, IoT, and high-end involvement, half on cars and a quarter on other things. Link
Meng Wanzhou to Become Huawei’s Rotating Chairwoman on April 1
Meng Wanzhou, also known as Sabrina Meng, Vice Chairwoman and CFO of Chinese tech giant Huawei, will step into the role of Rotating Chairwoman of the company for the first time on April 1. Link
News You Shouldn't Miss
Zoom’s Global Layoffs to Affect China Division
Zoom CEO Eric Yuan announced plans to lay off 1,300 employees, accounting for 15% of its global staff. A number of current and former Zoom employees have confirmed that the layoffs have already started in Zoom's several offices in China. Link
XPeng’s Guangzhou Factory Obtains Production Qualification to Produce G9
Chinese electric vehicle maker XPeng's Guangzhou factory obtained a production qualification in January, and is expected to be open to users and partners in early March. Currently, only the G9 is produced there. Link
Alibaba Sells Stake in Indian Digital Payment Platform Paytm
On February 11, data from the Bombay Stock Exchange showed that Alibaba.com Singapore E-Commerce has sold its remaining stake in Indian digital payments firm Paytm for about 13.78 billion rupees ($167.14 million) through a block deal. Link
Tims China to Develop and Subfranchise Popeyes in China and Macau
On February 9, TH International, the exclusive operator of Tim Hortons coffee shops in China (Tims China) announced that its board of directors had approved an agreement to develop Popeyes, the fried chicken chain, in mainland China and Macau. Link
Coca-Cola Phone? realme 10 Pro Limited Edition Review
This is the realme 10 Pro, but with a twist to it. That’s right. This is the realme 10 Pro Coca-Cola Special Limited Edition that is only available in designated countries, and it’s actually Coca-Cola’s first partnership with a smartphone brand. So, let’s get our hands on the phone and check it out. Link
In order to optimize your reading experience, articles linked in our newsletter have changed from those hosted at Substack.com to those on our own website at Pandaily.com. If you have any question regarding this matter, please contact us at contact@pandaily.com