Pandaily's Digest 20211222
BYD completes delivery of 1,000th Tang EV to Norway, Xiaomi founder Lei Jun aims to take on Apple in global smartphone market, Chinese chip firm SMIC obtains new property in Shenzhen, and more.
BYD Delivers 1,000 Tang EVs to Norway
On Wednesday, BYD announced that it had delivered its 1000th Tang EV in Norway. According to plan, 1,500 Tang EVs are scheduled to be sent to Norway. All vehicles have arrived in Norway and will be delivered to local consumers soon.
Lei Jun: Xiaomi’s High-End Smartphone to Take On Apple
Xiaomi announced on Tuesday that the Xiaomi 12 series will be released at 19:30 on December 28. Xiaomi‘s founder Lei Jun spoke to great fanfare that Xiaomi wants to learn from Apple and the iPhone, starting with the new Xiaomi 12.
China’s Leading Chip Maker SMIC Obtains $3.15 Million Property in Shenzhen for 12-Inch Wafer Plant
Shenzhen Business Daily reported on Tuesday that Semiconductor Manufacturing International Corporation (SMIC) recently obtained new property Pingshan District, Shenzhen, for 20.1 million yuan ($3.15 million), spanning a total land area of 34,703 square meters and a building area of 69,410 square meters.
CATL Launched World’s Largest Single Project for Lithium Battery Production With Planned Capacity of 120GWhv
On Tuesday, the Fuding Lithium-ion Battery Production Base Phase I Project in Fuding City, Ningde, Fujian Province, put into operation Plant No. 2 and started construction of Plant No. 4.
Serious Vulnerability Leads to Suspension for Alibaba Cloud by Ministry of Industry and Information Technology of China
On Wednesday, according to 21st Century Business Herald, the Cyber Security Administration of the Ministry of Industry and Information Technology reported that Alibaba Cloud Computing Co., Ltd. (Alibaba Cloud) failed to report to the telecommunications authorities in time after the discovery of a serious security vulnerability of the Apache Log4j2 component.
BYD’s Yuan Plus Model to Launch in Singapore
Shenzhen-based automaker BYD announced on Monday that its Singapore division will cooperate with local distributor E- Auto to officially launch the BYD Yuan Plus model in the second quarter of 2022.
China VC Weekly: Chips, Trucks, New Dairy
In last week’s China VC news: Chinese autonomous truck company Trunk Tech raises $30 million to develop next-generation technology, a slew of local chip makers complete fundraising rounds, and new dairy brand Adopt A Cow announced completion of a Series B round of financing.
A Glimpse Inside Xirang, Baidu’s Immersive Digital World
Beijing-based tech giant Baidu, Inc. on Tuesday offered a preview of its highly anticipated metaverse world, which will be fully unveiled at Create 2021, a major conference for AI developers on December 27.
Chinese E-Commerce Livestream Hosts Suspected of Tax Evasion, Authorities Say Amount is “Shocking”
According to a report by The Beijing News on Tuesday, the recent case of Viya, a livestream host who was fined 1.341 billion yuan ($210.47 billion) for tax evasion, represents just the tip of the iceberg. At present, the tax supervision department is still in the process of supervising the tax situation within the country’s sprawling live e-commerce industry.
Tencent Claims $126 Million From Douyin in Copyright Dispute Over Soul Land
Tencent recently increased its claim amount for the “Soul Land” copyright dispute with ByteDance’s Douyin from 61.6 million yuan ($9.7 million) to 800 million yuan. So far, Tencent has sued Douyin for more than 2.943 billion yuan in the past six months.