Pandaily's Digest #20210519
Tesla pledges to cooperate with Chinese authorities after fatal car accident in Taizhou, US Senate backs motion to designate funds to domestic techonology, Baidu posts Q1 financial results, and more.
Tesla Pledges to Work with Chinese Authorities After Car Crash Kills Policeman
Tesla affirmed on Tuesday that it would cooperate with Chinese authorities to investigate a fatal car accident involving a Model X in the eastern city of Taizhou that left one police officer dead and another injured.
US Senate Surges Ahead with Bill to Shore Up Domestic Technology Amid Competition with China
Members of the US Senate on Monday overwhelmingly backed a motion to proceed with debate over the Endless Frontier Act (EFA), a draft legislation that would designate over $100 billion in federal funds for domestic technology.
Baidu Posts Robust Q1 Earnings Boosted by Cloud, AI Businesses
Chinese search engine and AI giant Baidu on Tuesday posted a stronger-than-expected 25% jump in first quarter earnings from a year earlier, beating analysts' estimates.
Tencent Cloud Launches Sub-brand to Improve Developer Solutions for Audio, Video Products
Tencent’s cloud services arm has launched a new audio and video sub-brand that will provide a suite of integrated software tools and programs to simplify product development and improve end-user experience across various industries.
Tencent Music Entertainment Admits Regulatory Pressure After Delivering Solid Q1 Performance
Chinese streaming giant Tencent Music Entertainment (TME) confirmed on Tuesday that it is facing heightened scrutiny from antitrust regulators after reporting better-than-expected first quarter financial results the previous day.
JD Logistics Looks to Raise up to US$3.4 billion in Hong Kong IPO
JD Logistics, the distribution arm of Chinese e-commerce giant JD.com, is planning to raise up to HK$26.4 billion (US$3.4 billion) in its initial public offering (IPO) on the Hong Kong Stock Exchange.
