Pandaily’s Digest #20220413
Chinese beverage chain Luckin Coffee on Monday announced that the company has successfully completed the restructuring of financial debt and has emerged from bankruptcy proceedings under US code.
Luckin Coffee Completes Debt Restructuring, Emerges From Bankruptcy
Chinese beverage chain Luckin Coffee on Monday announced that the company has successfully completed the restructuring of financial debt and has emerged from bankruptcy proceedings under United States code.
March Retail Sales of New Energy Cars in China Total 445,000, Up 137.6% YoY
The CPCA released the sales volume of the domestic passenger car market in March. Data show that during the month, retail sales of passenger cars reached 1.579 million units, down 10.5% year-on-year and up 25.6% quarter-on-quarter.
China VC Weekly: Digital Content, Metaverse and More
In last week’s VC news, digital interactive content development platform Cocos bagged $50 million from GGV Capital and others, SwooshTransfer added “millions of dollars” to its total fundraising pool, and more.
Xiaomi CEO Lei Jun Withdraws as Huaduo Network Technology Shareholder
Lei Jun, founder and CEO of technology company Xiaomi, has withdrawn from the list of shareholders in Huaduo Network Technology, an affiliated company of JOYY, but is still serving as supervisor.
Report: 31 Metaverse-Related Companies Raised $475M in Q1
31 metaverse-related enterprises have announced new financing in the first quarter of 2022 (up to April 9), raising a total amount of $475 million.
12 Chinese Companies Added to SEC Delisting Watchlist
The United States Securities and Exchange Commission (SEC) added 12 China Concepts Stock companies to a delisting watchlist on Tuesday.
China’s National Standards for E-Cigarettes to Begin October 1
China's market regulator recently approved mandatory national standards for e-cigarettes that will become effective on October 1, 2022.
Realme Q5 Pro Vans Co-Branded Smartphone Leaked
According to an official announcement on Tuesday, Shenzhen-based smartphone brand realme will officially launch its new Q5 series at 14:00 on April 20 with the slogan "Speedy Players, Go!"
BYD Offers Glimpse of Seal Electric Sedan
After launching new models within its Han series, Chinese electric vehicle maker BYD has begun to generate interest in another sedan named "Seal," which is expected to be officially launched this month.
Tencent Issues New Patents to Improve Efficiency of Payment by Facial Recognition
On Tuesday, Tianyancha App showed that Chinese tech giant Tencent had issued a patent for the method, device and equipment of a facial recognition payment system.
