Pandaily's Digest #20210326
Xiaomi to start making electric vehicles at Great Wall Motor plant, Hillhouse Capital purchases home appliance service of Philips, OnePlus releases its 9 series, and more.
Xiaomi to Start Making Electric Vehicles at Great Wall Motor Plant: Report
Chinese smartphone maker Xiaomi is planning to use one of Great Wall Motor’s plants to make their own electric vehicles (EVs), according to a Reuters report citing people familiar with the matter.
China Esports Weekly: ByteDance Acquires Game Publisher Moonton, Morris Garages Partners With Bilibili Esports
Last week, China’s esports industry saw several new partnerships and a major acquisition by Beijing-based technology giant, ByteDance.
Hillhouse Capital Purchases Home Appliance Service of Philips for 34 Billion RMB
Health technology company Philips announced on Thursday that it had signed an agreement to sell its home appliance service to investment firm Hillhouse Capital for 24 billion yuan (about 4.4 billion euros).
China’s Q&A Site Zhihu To Price US Listing at $9.5 Per Share, Sources Say
China’s largest question-and-answer platform Zhihu will price 55 million shares to be issued Friday at $9.5 each, aiming to launch a $522.5 million initial public offering (IPO) in the US.
Chinese Social E-commerce App Xiaohongshu Hires New CFO From Citigroup
Chinese social e-commerce platform Xiaohongshu, or Red, has hired a new chief financial officer as it weighs a public listing in the US as early as this year, according to reports.
Two Days after Releasing its Beta Version, Alibaba Cloud Disk Soars in Popularity
After 12 years of research on intelligent storage and global cloud network technology, Alibaba Cloud officially launched its first personal cloud product.
Xiaomi’s President of International Business to Join Bytedance as CFO
Shou Zi Chew, who recently left Xiaomi, said he would join Bytedance as CFO in his home country Singapore.
OnePlus Releases its 9 Series and First Smartwatch
Oneplus released its latest OnePlus 9 and OnePlus 9 Pro on Wednesday during a press conference in Shanghai.