Pandaily's Digest #20210420
Tesla refuses to compromise in face of “unreasonable demands”, Volvo announces tie-up with Didi Chuxing to develop self-driving test fleet, and more.
Tesla Refuses to Compromise in Face of “Unreasonable Demands” after Angry Car Owner Protested at Shanghai Auto Show
Tesla told Chinese consumers that it will not concede to “unreasonable demands” in response to a controversy regarding a car owner who protested the automaker’s alleged quality-control issues on the opening day of the 2021 Shanghai Auto Show on Monday.
Volvo Announces Tie-up with Didi Chuxing to Develop Self-driving Test Fleet, Launches Revamped XC60
Swedish carmaker Volvo Cars announced on Monday that it has signed a deal with China’s largest ride-hailing platform Didi Chuxing to develop autonomous driving cars for a robotaxi fleet.
Trip.com Group Opens 4.85% Higher on Hong Kong Trading Debut as China Anticipates Robust Rebound in Tourism
Shares of Chinese online travel company Trip.com Group climbed on the first day of trading in Hong Kong on Monday as the country looks forward to a strong recovery in travel during the upcoming Labor Day holiday.
Health Startup Waterdrop Submits Prospectus to SEC
Chinese online medical insurance startup Waterdrop Inc. on April 17 formally submitted a prospectus to the United States Securities and Exchange Commission (SEC), in preparation for an initial public offering (IPO) at the New York Stock Exchange under the label of "WDH".
Baidu to Start Installing Self-driving System Apollo in Mass-produced Cars This Year
Chinese search engine and AI giant Baidu Inc plans to have its Apollo autonomous driving system pre-installed in at least one mass-produced car model each month in the second half of 2021, with a target of at least six car models in total, the company announced on Monday.
Pinduoduo Launches Monthlong Campaign to Promote Reading
Pinduoduo is giving out 50 million yuan ($7.7 million) to encourage book purchases on the e-commerce platform as part of its “Duo Duo Reading Month” campaign to promote reading.
Chinese Delivery Giant Meituan Releases New Generation of Autonomous Delivery Vehicle
The next generation of autonomous delivery vehicles developed by Chinese shopping platform Meituan have been officially put into operation in Shunyi District, Beijing.
China VC Weekly: Semiconductors, Medtech and Insurance
In last week’s VC news, Shanghai-based semiconductor developer InnoStar Semiconductor raises a hefty pre-A round, medtech startup StoneWise completes two back-to-back rounds totalling $100 million and medical insurance firm Waterdrop prepares for listing in New York.
The Money-losing Game: Keeping Investors Engaged in Chinese Football
When China’s premier football competition, the Chinese Super League (CSL), kicks off on April 20 many things will be different on and off the pitch, notwithstanding the changed league format in which games will be played in two bio-secure ‘bubbles’ in Suzhou and Guangzhou due to the ongoing pandemic.