Pandaily's Digest #20210108
Luckin Coffee Faces Internal Strife, Chief Executive Guo Jinyi Urged to Step Down; ByteDance’s Feishu Banned on Tencent’s WeChat；Shenzhen Futian Distributes 20 Million Digital Yuan in Red Envelopes.
Luckin Coffee Faces Internal Strife, CEO Guo Jinyi Urged to Step Down
On the evening of Jan. 6, it was reported that middle and senior executives of Luckin Coffee signed a joint letter, accusing the current chairman and CEO Guo Jinyi of corruption, abuse of power to eradicate dissidents, and low capability to run the company. They collectively filed an appeal to the board of directors and shareholder Dazheng Capital to remove Guo from his position.
ByteDance’s Feishu Banned on Tencent’s WeChat, Feud Escalates Between Two Internet Giants
Multiple functions of cloud office software Feishu, the Chinese version of Lark owned by ByteDance, are banned on Chinese Internet giant Tencent’s WeChat platform, according to the social media posts of Xin Xie, ByteDance’s vice president.
Shenzhen Futian Distributes 20 Million Digital Yuan in Red Envelopes
Futian District in the city of Shenzhen issued 20 million digital yuan to eligible local citizens in 100,000 red envelopes, each with a value of 200 yuan, marking the second time the city of Shenzhen, one of China’s major financial hubs, participated in an official e-yuan pilot in the form of red envelopes.
Behind China’s 996 Overwork Culture: Shentong Express Fires Employee who Refuses to Work Overtime
On Jan. 7, another overwork dispute case went viral on Chinese social media. China’s delivery company Shentong Express, the first major express parcel service to be publicly listed, was reported to have fired an employee who refused to work after 9 p.m.
Chinese Scientists Develop Gene-edited Sheep to Help Boost Mutton Output
Scientists in China have developed the world’s first myostatin gene (MSTN) edited Chinese Hu sheep, with the hope that the technology will boost mutton output and quality for the national industry.
Realme V15 Launched with Dimensity 800U, 64MP Triple Camera, Priced at 1,499 Yuan
realme has rolled out its latest V15 smartphone, packing a 7nm MediaTek Dimensity 800U chipset, a 64MP triple camera module and a 5G modem.
China Tops North America as World's Largest Movie Market Amid Pandemic
China's total box office revenue reached 20.42 billion yuan ($3.16 billion) in 2020, making it the largest movie market in the world for the first time, despite the impact of the COVID-19 pandemic, according to the 2020 China Film Market Report jointly released by China's microblog platform Weibo and Maoyan Entertainment.
Baidu Releases World’s First Robotaxi Technical Standard for Commercial Operations
A booklet containing the standard for robotaxis technical requirements was recently released, having been jointly drafted by an array of institutions including vehicle manufactures, electronic appliance makers, and telecom giants led by AI giant and autonomous driving pioneer Baidu.
Huawei Spin-off Brand Honor Working with Qualcomm to Launch New 5G Phone in Coming Months: Reports
Honor, the budget smartphone brand sold by Huawei Technologies in November, has reportedly resumed cooperation with US chipmaker Qualcomm and the companies are working to deliver a new 5G handset in the coming months.
China Vows to Safeguard the Legitimate Rights of Banned Chinese Apps in America
On Jan.6, China's Foreign Ministry responded to U.S. President Donald Trump’s executive order banning transactions with eight Chinese software applications, stating that China will take necessary measures to protect their legitimate rights and firmly opposing the Trump administration’s wrongdoing for its unreasonable restraints on Chinese apps.
In About-turn, NYSE Reverses its Decision Again to Delist Chinese Telecom Firms
The New York Stock Exchange (NYSE) said it would move forward with its plans to delist three Chinese major telecommunication companies after all.