Pandaily's Digest #20210115
The US adds Xiaomi and 8 other firms to Chinese Military Blacklist, Kuaishou passes HKEX Hearing, and WeRide Raises $310M in Series B Financing Deal.
Xiaomi Among Nine More Firms US Adds to Chinese Military Blacklist
The Trump administration on Thursday added nine Chinese firms to government blacklists of companies that it says have ties to the Chinese military.
VSPN Acquires Banana Gaming & Media, Names Sicong Wang as Vice Chairman of Strategy Committee
China’s biggest esports company Versus Programming Network (VSPN) announced Friday that the company has completed its acquisition of Chinese production company Banana Gaming & Media.
Innovative Technology Company Rokid Unveils Its Latest MR Glasses Rokid Vision 2
On Jan. 15, China’s leading mixed reality (MR) and artificial intelligence (AI) startup Rokid revealed its latest binocular MR glasses, Rokid Vision 2, at Rokid Open Day’s online event.
Opportunities and Challenges for Chinese Cross-Border E-Commerce: Interview with DHgate’s Founder Diane Wang
On Jan. 14, the General Administration of Customs reported the total value of China’s cross-border e-commerce exports in 2020 reached 1.12 trillion yuan with a surge of 40.1% from 2019.
Kuaishou Passes HKEX Hearing, Plans to List in Hong Kong on Feb. 5
Viral Chinese short video sharing platform Kuaishou passed the listing hearing of the Hong Kong Exchanges and Clearing (HKEX) on the afternoon of Jan. 14, and the Tencent-backed company plans to publicly trade on HKEX on Feb. 5.
Annabel Yao, Daughter of Huawei Founder Ren Zhengfei, Makes Artist Debut in China
Annabel Yao, Huawei founder and CEO Ren Zhengfei's youngest daughter, has made her formal debut in China's entertainment industry.
Chinese Drone Giant DJI Denies Setting up New Team to Develop Self-driving Tech
Chinese drone manufacturer DJI said the company has not established a new engineering team to work on self-driving technologies.
Bilibili Esports Raises 180 Million Yuan in its Initial Round of Funding
On Jan.14, Bilibili E-sports, part of the eponymous Chinese video streaming platform, raised 180 million yuan in an initial round of funding led by the Zhejiang Chuangxiang Cultural Fund.
Chinese Auto-Driving Company WeRide Raises $310M in Series B Financing Deal Led by Yutong Group
China’s leading L4 autonomous driving mobility company WeRide announced Thursday it completed the Series B2 and B3 financing, marking that WeRide has raised a total of $310 million in a Series B funding.