Pandaily Digest｜May 24, 2023
Editor's note: On May 20th, the Public Security Bureau of Baotou City revealed a case of fraud involving AI face-swapping technology, demonstrating the potential misuses of advanced technology.
AI Face-Swapping Technology Used in High-End Scam in China
On May 20th, the Public Security Bureau of Baotou City revealed a shocking case of fraud involving AI face-swapping technology, demonstrating the potential misuses of advanced technology.Link
Headlines from China
Meituan Launches Food Delivery Brand KeeTa Amid Hong Kong Debut
On May 21st, Meituan (HKG: 3690), a leading technology-driven retail company in China, introduced KeeTa, a new food delivery brand as it officially launches in the Hong Kong market, to provide residents with more customized, efficient and reliable delivery services.Link
Research Institute Responds to Bing Overtaking Baidu’s Desktop Market Share in China: Statistics Show Anomalies, Investigation Underway
May 23, 2023 – According to data from the American research institution Statcounter, in April 2023, Microsoft’s Bing search engine surpassed Baidu in terms of market share for desktop searches in China. This news has sparked a heated discussion online.Link
ByteDance Founder Establishes Personal Investment Fund in Hong Kong
Two years after stepping down as CEO of ByteDance, founder Zhang Yiming has launched a personal investment fund in Hong Kong. The fund, named Cool River Venture, is registered as a private limited company and is wholly owned by Galaxy LLC. Zhang Yiming serves as the director of the fund.Link
News You Shouldn’t Miss
Tencent’s WeChat Releases Palm Pay
On May 21st, according to WeChat’s blog, WeChat Palm Pay was officially released. Users can currently perform palm payment on face recognition devices.Link
Amazon China Will No Longer Provide App Store Services Starting July 17
Amazon Appstore has sent out an email reminder stating that starting from July 17, Amazon China will no longer provide App Store services.Link
A Tale of Two ‘Deadbeats’
Last week, a news story captivated China’s cyberspace. Dai Wei, the founder of the now-defunct bike-sharing operator ofo, made a surprising move by venturing into the United States and establishing About Time Coffee, a coffee chain serving freshly brewed coffee with Chinese recipes such as boba coffee. Priced at US$3-4 per cup, the offerings resembled those of Luckin Coffee, which popularized the business model of mobile app-based ordering and grab-and-go stores to pass on savings to customers.Link
Tesla Begins Sale of China-Made Model 3 and Model Y in Canada
Tesla has started selling the Model 3 and Model Y vehicles made in China in Canada, marking the completion of the company’s first batch of shipments from its Shanghai factory to North America.Link
Faraday Future Launches the “Mission Farad” Platform
On May 22nd, Faraday Future (also known as “FF”) officially announced the launch of the “Mission Farad” platform, which integrates many benefits of its user co-creation and sharing concept. For example, users can become partners of Jia Yueting.Link
Stefanie Sun Reacts to Her AI Counterpart’s Viral Trend
Recent online trend involving an “AI Stefanie Sun” has been sweeping across social media platforms, captivating fans and critics alike. Enthusiasts have utilized sophisticated AI models combined with post-production techniques to simulate the unique voice of popular singer Stefanie Sun, covering a vast array of songs.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 questions regarding this matter, please contact us at contact@pandaily.com.