Pandaily's Digest #20210303
DJI launches first FPV drone, Baidu registers new electric vehicle firm with Geely, Alibaba's Cainiao Smart Logistics Network partners with Saudia Cargo, and more.
Make Mixed Reality for Everyone: Interview with Nreal CEO Xu Chi
Pandaily had the opportunity to sit down with Nreal's CEO and co-founder Xu Chi to discuss his latest innovations and experiences in the mixed reality world.
DJI’s New First-Person View Drone Promises 4K Video, Full Immersive Flight Experience
Chinese drone manufacturer DJI on Tuesday launched its inaugural first-person view (FPV) drone, which boasts a fully immersive flight experience and superior features compared to standard drones.
Pinduoduo Doubled Value of Agriculture Business in 2020
Chinese e-commerce giant Pinduoduo (PDD) in 2020 reportedly doubled the gross merchandise value (GMV) of its agricultural sector dealings, exceeding the company’s previous estimate of 250 billion yuan.
Inner Mongolia to End Crypto Mining by April in Bid to Reduce Energy Consumption
The government of Inner Mongolia has ordered a halt to the construction of new cryptocurrency mining projects, and has vowed to shut down all existing mining farms by the end of April, as part of an initiative to achieve energy-saving goals associated with China’s 14th five-year plan.
Baidu Registers Electric Vehicle Firm with 2 Billion Yuan, Officially Kicking Off New Venture with Geely
Chinese search engine and AI company Baidu Inc has completed the registration of a new electric vehicle (EV) company, officially signaling a kick-off of its new venture with automaker Geely.
Tencent Unveils Four-legged Robot Dog That Can Run, Jump and Do Backward Somersaults
A new four-legged robotic dog developed by Tencent’s Robotics X Lab can walk, run, jump and even stand on its hind legs — just like a real dog.
China VC Weekly: Semiconductors, Auto Solutions and More
In last week’s China VC news, Moore Threads raked in a mind-boggling pre-A round just 100 days after its founding, ECARX raised $200 million and Ocean Link secured commitments for a new fund.
Xiaomi Revives MiTalk as Audio Chat App Amid Concerns Raised Over China’s Clubhouse Clones
Just eight days after being shut down, Xiaomi’s instant messaging app MiTalk announced a comeback.
Alibaba’s Cainiao Leads E-Commerce Expansion in Europe and the Middle East
On March 1, Alibaba’s logistics service Cainiao Smart Logistics Network (Cainiao) announced a partnership with Saudi Arabian airfreight flag carrier Saudia Cargo.
Suning Sells 23% Stake to State-owned Investors, Raising 14.8 Billion Yuan
Retail giant Suning.com announced on Sunday it has received 14.8 billion yuan ($2.3 billion) in investment from state-backed investors in exchange for a 23% stake in the company, leading to a change in management.