Pandaily Digest | Jan 16, 2023
Editor's note: After over a year of being reviewed by Chinese regulators, online ride-hailing platform Didi officially announced on January 16 that it has resumed new user registration.
Didi Resumes New User Registration After Lengthy Review by Chinese Authorities
After over a year of being reviewed by Chinese regulators, online ride-hailing platform Didi officially announced on January 16 that it has resumed new user registration. Link
Headlines from China
Alibaba to Donate $18.4M to Equip Chinese Villages With Oximeters
Leading Chinese tech firm Alibaba announced it would donate 125 million yuan ($18.4 million) to equip more than 600,000 village clinics with two oximeters, basically achieving full coverage in rural areas. Link
Huawei’s 2022 Dividends Exceed Employee Expectations
Huawei's dividend plan for 2022 emerged on January 14 within the tech giant's internal forum, showing that they are expected to be 1.61 yuan ($0.24) per share, an increase from 1.58 yuan last year. Link
MultiMetaVerse to Acquire Majority Stake in “Mole’s World” Developer Taomee
MultiMetaVerse, an animation and entertainment company serving young consumers in China, announced on January 12 that it has entered into a non-binding letter of intent with Orient TM Ruibo to acquire a 72.81% equity stake in Taomee, an interactive entertainment group. Link
Tencent’s XR Business Stops Operation
Tencent's extended reality (XR) business has suspended operation, affecting a team of more than 300 people, and it is not yet known whether there will be any major personnel adjustments soon. Link
News You Shouldn't Miss
Visual Perception Bug Found in Li Auto’s L8 Pro
A Li Auto car owner in Shanghai claimed recently that when he was driving at night, the central control screen suddenly showed that a person was following directly behind the vehicle, but upon checking, he found that there was nothing. Link
Huawei-Backed AITO Drops Prices in China, Following Tesla
On January 13, Huawei-backed electric vehicle brand AITO suddenly announced price reductions of 30,000 yuan ($4,462), bringing the cost of its M5 and M7 EVs down to 259,800 yuan and 289,800 yuan, respectively. Link
Chinese TV Series Based on “The Three Body Problem” Widely Praised
On the evening of January 15, a Chinese-made TV show adapted from "The Three Body Problem," a popular sci-fi novel series that won its author Liu Cixin a Hugo Award in 2015, was broadcast on CCTV-8, Tencent Video and Migu Video, receiving widespread online praise. Link
Roborock Founder’s EV Brand to Launch First Model in August
ROX Motor, an automaking project set up by Chang Jing, the founder and chief executive of robot vacuum maker Roborock Technology, will be launched in August this year. Link
Chinese Tea Brand Mixue Reportedly Planning Hong Kong IPO
Affected by recently introduced regulations, Chinese tea-based beverages brand Mixue has withdrawn a prospectus submitted to the Shenzhen Stock Exchange in September last year, and now plans to debut in Hong Kong. Link
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