Pandaily's Digest #20210111
Baidu to Launch Intelligent Electric Vehicle Company with Geely; NIO Reveals Its First Electric ET7 Sedan to Compete with Tesla; Shenzhen to Host 2021 League of Legends World Championship Finals
Baidu to Launch Intelligent Electric Vehicle Company with Geely
Chinese Internet behemoth Baidu today announced its plan to partner with auto manufacturer Zhejiang Geely Holding Group, establishing a company that will produce intelligent electric vehicles (EV).
China VC Weekly: HR, AI and Plant-based Meat
The most prominent VC news of last week included HR software-maker WorkTrans’ announcement of the $190.5 million raised across its latest two rounds, Hey Maet’s multi-million dollar round that will be used to expand the company’s operations and Horizon Robotics’ second tranche of its possibly $700 million Series C round.
NIO Reveals Its First Electric ET7 Sedan to Compete with Tesla
China’s leading electric vehicle (EV) start-up NIO Inc. released its first electric sedan with self-driving technology during the firm’s fourth NIO Day last Saturday in Chengdu, taking the fight to Telsa.
Didi Chuxing and Huaxiaozhu Fined 1.41M Yuan Amid China’s Tightening Covid Prevention
Ride-hailing platforms Didi Chuxing and its standalone platform Huaxiaozhu were fined a total of about 1.4 million yuan for insufficiently implementing Covid-19 prevention measures and inadequately supervising their drivers’ behavior, according to a Beijing press conference on the latest news regarding Covid-19 on Jan. 10.
Alibaba’s Parcel Delivery Service Cainiao Guoguo Saw a 20% Surge in Daily Delivery Volume in 2020
Cainiao Guoguo, the parcel delivery service under Alibaba Group Holdings’ Cainiao Smart Logistics Network, released a 2020 Courier Report on Jan.8, showing China’s rapid growth in the logistics sector last year.
China’s Most Popular Fitness App Keep Valued at $2 billion Following New Funding Round: Reports
The valuation of China’s most popular fitness app Keep has risen to about $2 billion following a $360 million funding round, according to Chinese tech news site 36Kr.
Shenzhen to Host 2021 League of Legends World Championship Finals
Shenzhen, China, will serve as the host city for the 2021 League of Legends World Championship Finals, one of the biggest esports competitions in the world.