Pandaily's Digest #20220307
Recently, Geely Automobile Group Co., Ltd. made a registration of change with the Industrial and Commercial Administration.
Li Shufu Withdraws from Position as Director of Geely Automobile Group
Recently, Geely Automobile Group Co., Ltd. made a registration of change with the Industrial and Commercial Administration. Geely Holding’s chairman, Li Shufu, and vice president, Yang Jian, withdrew from their positions as directors. Sun Hong and Wang Xinggui will serve as the new supervisors and directors.
Bilibili Reports Net Revenue of $907M in Q4 2021, Up 51% YoY
Leading Chinese video streaming platform Bilibili on Thursday announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021. Bilibili’s total net revenue in the fourth quarter was 5.7808 billion yuan ($907.1 million), representing an increase of 51% from the same period in 2020. Additionally, total net revenue in 2021 was 19.4 billion yuan, representing an increase of 62% from 2020.
Huawei Invites Companies to Become HarmonyOS Connect Partners
Chinese telecommunications giant Huawei on Friday announced that it is inviting companies to become a partner in the HarmonyOS Connect ecosystem, with a feedback time spanning from March 5 to March 15.
China’s Space Station to Be Completed in 2022
China’s manned space station project is planned to enter the construction stage later this year, with several key accomplishments set for completion. Six major missions, including two laboratory cabin modules (LCM) Wentian and Mengtian, the Shenzhou Manned Spacecraft and the Tianzhou Cargo Spacecraft, will be finished, according to Zhang Bainan, Deputy Chief Designer of China’s Manned Space Program, as reported by China Youth Daily on Friday.
Chinese Economical Beverage Brand MXBC Enters Singapore and Malaysia
MXBC, a chain brand dedicated to creating fresh ice cream and tea drinks in China, has officially entered Singapore and Malaysia, two Southeast Asian countries, on February 26, LatePost reported on Thursday.
Foxconn and Luxshare Angle for Apple Car Manufacturing Contracts
DigiTimes reported on Thursday, citing industry sources, that Apple suppliers Foxconn and Luxshare Precision are among possible candidates to produce the much rumored Apple Car. Both companies have recently made forays into the future vehicle market.
iQIYI Announces Private Placement Financing of $285M
Chinese online video platform iQIYI announced on March 4 that the company has entered into subscription agreements with Baidu and a consortium of financial investors including Oasis Management Company Ltd. for a total purchase price of $285 million in cash.
TikTok Suspends New Content in Russia Following “Fake News” Law
Influenced by the latest “fake news” law passed by the Russian government, TikTok has decided to suspend new video content and livestreaming services in the country.
Vivo’s First Foldable Smartphone to Be Released Next Month
The first folding screen flagship smartphone from Chinese brand Vivo, named the “X Fold,” will be released next month with an internal code name of “Butterfly,” local media outlet Jiemian News reported on Monday.
Kuaishou E-Commerce Implements Measures to Build User Trust
On March 4, Kuaishou e-commerce for the first time disclosed the construction and governance of the platform’s “trust ecosystem” since the related development strategy was clarified last year.