Pandaily’s Digest #20220218
This week: Animoca Brands subsidiary nWay develops official NFTs for Beijing Winter Olympics mascot Bing Dwen Dwen, Tencent-led project becomes first UN-approved standards initiative on NFTs, and more
China NFT Weekly: Bing Dwen Dwen NFTs!
Digestible news about the latest developments across the fields of NFT, blockchain and metaverse in China, delivered to you every week.
This week: Animoca Brands subsidiary nWay develops official NFTs for Beijing Winter Olympics mascot Bing Dwen Dwen, Tencent-led project becomes first UN-approved standards initiative on NFTs, Hong Kong’s Ocean Park brings virtual attractions to The Sandbox metaverse, and more.
Huawei Issues Response After Offices Searched by Indian Tax Authorities
Huawei has issued a response to its offices being searched by tax authorities in the Indian cities of Delhi, Gurugram and Bengaluru, asserting that its business in India strictly abides by local law. Indian authorities have so far declined to comment.
OPPO Find X5 Smartphone Series to Be Released February 24
Chinese smartphone brand OPPO announced on Thursday that the launch conference for its upcoming OPPO Find X5 series will be held at 19:00 on February 24, Beijing time. The firm has declared the conference slogan as “one image frame uses two chips.”
Faraday Future to Release Production EV Model FF 91 on February 23
California-based electric vehicle (EV) firm Faraday Future (FF) announced on Thursday that the production version of its FF 91 model will be officially released on February 23.
Online Car-hailing Platforms, Including Didi, Interviewed by Authorities
According to Henan Business Daily‘s report published on Wednesday, several regulatory authorities in China’s Henan Province jointly interviewed five online car-hailing companies including DiDi Global Inc., Jiangnan Chuxing, Quanmin Chuxing, Partake and Cuichi Travel.
XPeng Clarifies Rumors of Subsidiary Battery Swapping Business
According to Chinese enterprise data platform Tianyancha, Guangzhou-headquartered electric vehicle manufacturer XPeng Motors has established a new subsidiary named Shanghai Pengxu Automobile Sales & Service Co., Ltd., with a registered capital of 5 million yuan ($789,577).
Audi-FAW Partnership Receives Approval for NEV Factory in China
A new energy vehicle project jointly managed by German luxury car brand Audi and Chinese auto giant FAW has recently received formal approval. The German brand will soon build a new electric vehicle (NEV) plant in the country’s northeastern province of Jilin.
BOE Facing Difficulty in iPhone OLED Screen Production Amid Chip Shortage
South Korean media outlet TheElec reported on Friday that due to the continuing global shortage of computer chips, Chinese display giant BOE is facing production difficulties with its OLED panels for Apple’s iPhone.
Vivo to Invest $466 Million in Indian Operations by 2023
Chinese tech firm Vivo will invest 35 billion rupees ($466 million) in its Indian subdivision by 2023, increase its annual smartphone production capacity in the country from 60 million to 120 million units, and export locally-made smartphones to other international markets in 2022, the Indian Express reported on Wednesday, citing Paigham Danish, Director of Business Strategy for Vivo India.
Volkswagen Seeking to Acquire Huawei’s Autonomous Driving Unit
German auto firm Volkswagen is reportedly in talks with Chinese telecoms and electronics giant Huawei regarding the acquisition of an autonomous driving unit for billions of euros, according to Manager Magazine on Thursday.