Pandaily Digest｜Apr 10, 2023
Editor's note: During the BYD 2022 annual report communication meeting, Chairman Wang Chuanfu emphasized that advanced assisted driving is the way forward for future development.
BYD Chairman Wang Chuanfu Criticizes Autonomous Driving
During the BYD 2022 annual report communication meeting, Chairman Wang Chuanfu shared his perspective on autonomous driving in a clear and honest manner. He dismissed unmanned driving as impractical and misleading, emphasizing that advanced assisted driving is the way forward for future development.Link
Headlines from China
Chairman Pan Shiyi Steps Down from SOHO China
On April 10th, according to Tianyancha, SOHO China underwent a change in its business registration information. The legal representative and chairman of the board were changed from Pan Shiyi to Xu Jin.Link
Tsinghua University-Backed NLP Startup DeepLang AI Reportedly Has A Valuation of $100M
On April 9, QbitAI reported that DeepLang AI, an AI startup founded by a team from the Natural Language Processing Laboratory at Tsinghua University (THUNLP), has completed a new round of financing with a market valuation of approximately $100 million. A new round of financing for DeepLang AI has also begun.Link
NIO Releases Subscription Fee of the NOP Plus System
On April 10th, NIO announced that its Navigation on Pilot Plus (NOP+) system will be officially released and available for subscription starting from July 1st. It supports monthly subscriptions at a price of RMB 380 per month (about USD 55).Link
News You Shouldn't Miss
JD.com to Launch ChatGPT-style Product This Year
He Xiaodong, the Vice President of JD.com, which is one of China’s largest e-commerce companies, announced on April 8 at a summit that the company will be launching an “industrial version” of ChatGPT called ChatJD this year. This chatbot product will specifically cater to the retail and finance industries.Link
Tesla Builds A Megafactory in Shanghai
On April 9th, the signing ceremony for Tesla’s Megafactory project was held in Shanghai. The factory will be built in the Lingang New Area of the Shanghai Free Trade Zone.Link
Xiaomi Establishes A foothold in the High-end Smartphone Market Initially
On April 9th, at the 2023 Xiaomi Fan Festival, CEO Lei Jun stated that Xiaomi‘s most important strategy in the past three years has been a high-end strategy.Link
Chassis Solution Provider BIBO Secures $29M Financing, NIO Capital Participates in
Chinese intelligent chassis solution provider BIBO has announced the completion of its Round A financing on April 10. The funding, which amounted to 200 million yuan ($29 million), was led by NIO Capital and Orient Jiafu Asset Management Company Limited. CWB Automotive Electronics Co., Ltd and Addor Capital also participated in the round as followers.Link
Social Livestreaming Platform Bigo Live Removed From App Store
The social livestreaming platform, Bigo Live, has been removed from the App Store globally as of April 9. There has been no response from Bigo regarding the matter. The application remains available for download on Google Play.Link
Suning.com Completes Board Reshuffle and Executive Appointment
On April 6, Suning.com, a Chinese e-commerce platform, held an extraordinary shareholders’ meeting at its headquarters in Nanjing. The purpose of the meeting was to confirm the members of the eighth board of directors and supervisory board.Link
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