Pandaily's Digest #20211206
Controversy surrounding SHEIN’s indie designer program, Bilibili's Metaverse bet, Alibaba names new CFO and reshuffles e-commerce business, Didi plans for U.S. delisting and HK IPO, and more.
Is SHEIN’s Indie Designer Program an Ethical Alternative to Copying?
26-year-old Chris is a marketing specialist at SHEIN, a lucrative fast-fashion company that has recently blown up on TikTok because of its formidable ability to churn out tens of thousands of cheap new products every day.
Bilibili Tests “UPowerchain” to Start Metaverse Business
Chinese video streaming platform Bilibili is testing its "UPowerchain" related to the firm's Metaverse business.
Xiaohongshu Suspected of Compromising Minors’ Privacy
Domestic social media platform Xiaohongshu is suspected of leaking the private information of minors, and of poor content auditing.
NIO Launches Flexible Battery Upgrading Service
Chinese electric vehicle (EV) maker NIO on Sunday launched its 100 kilowatt-hour battery, as well as a battery upgrading plan.
Chinese Auto Parts Maker Tuopu Group Responds to Tesla Recall
Regarding a Tesla recall announcement last week, Chinese auto parts supplier Ningbo Tuopu Group on Monday issued a statement at the Shanghai Stock Exchange.
Chinese Regulators Seek to Soothe Nervous Markets as Domestic Firms Delist in U.S.
Reports that Chinese regulators are pushing for so-called variable interest entities to drop their listings in the United States are a “complete misreading and misinterpretation” of the regulations, the CSRC said in a statement on Sunday.
Huawei HarmonyOS to Enter European Market Next Year
Derek Yu, president of Huawei's consumer business in Central and Eastern Europe, Northern Europe and Canada, said that the Huawei HarmonyOS system will land in the European market next year.
Alibaba Group Announces CFO Succession, Reshuffles E-Commerce Business
Alibaba Group announced today that Toby Xu, its current Deputy Chief Financial Officer, will succeed Maggie Wu as Chief Financial Officer, effective April 1, 2022.
Didi Chuxing Delists from NYSE, Plans Hong Kong IPO
Chinese ride-hailing giant Didi Chuxing said on its Weibo account on Friday that, after careful study, the company will start the delisting process from the NYSE and plan its listing in Hong Kong.
Huya Signs Streaming Deal with 2021 League of Legends World Championship Winner EDward Gaming
Huya announced on Friday that it had signed a deal with EDward Gaming (EDG), the winner of the 2021 League of Legends World Championship (Worlds 2021), to broadcast on its platform.