Pandaily’s Digest #20220518
Chinese Vice Premier and top economic official Liu He said that the government will support the sustained and healthy development of the platform economy and the private economy.
China’s Top Economic Official Liu He Voices Support for Tech Sector
Chinese Vice Premier and top economic official Liu He said at a meeting held in Beijing on Tuesday that the government will support the sustained and healthy development of the platform economy and the private economy, and will support digital enterprises to pursue public listings in domestic and foreign capital markets.
Tencent Enters Top Five of Forbes Global Tech Firm List
Forbes published the list of the world’s largest tech firms on May 12th, where Chinese Internet giant Tencent now rounds out the top five.
Honor Releases First Laptop with OS Turbo
Chinese electronics manufacturer Honor officially launched its MagicBook 14 on Monday. The new laptop is equipped with a 12th-generation Intel Core standard voltage processor and is bundled with a RTX2050 graphics card. This is Honor’s first thin and light notebook adopting its OS Turbo.
Elon Musk’s Chinese Doppelganger Banned from Social Media
Recently, a Chinese man who resembled Tesla’s founder Elon Musk caused heated discussion on major social platforms in China. His accounts, however, on Weibo and ByteDance’s Douyin, have been banned.
Vivo and Tesla Complete Adaptation of Digital Car Keys
Chinese smartphone giant vivo announced on Monday that it has completed the digital adaptation of sensorless car keys with Tesla, and its functions will cover all models supporting Jovi InCar, including the Tesla Model 3 and Model Y.
BYD and Mercedes-Backed Denza Launches MPV D9 New Energy Vehicle
Denza, a joint venture between BYD and Mercedes-Benz, held a brand launch event on Monday to kick off pre-sale of its MPV D9 new energy vehicle model.
Sensor Tower: Douyin and TikTok Earned Over $296M in April
Sensor Tower, a mobile application data analysis company, released a report on Tuesday morning claiming that in April 2022, Douyin and its non-Chinese version TikTok earned more than $296 million from the App Store and Google Play – 1.9 times that of last April – remaining the top global non-game mobile app in terms of revenue.
Alibaba-Backed Youwu Digital Collection Platform Launched
“Youwu (鱿物 Yóu Wù),” a digital collection platform featuring ancient Chinese cultural artworks, has been officially launched today. Users can access it by registering on the platform through Youku, a video streaming app owned by Alibaba. This platform represents another investment by Alibaba‘s Digital Media & Entertainment Group related to digital collections.
Alibaba and Ant Financial Offload Stakes in India’s Paytm Mall
Paytm E-commerce Private Limited (PEPL), the parent entity of Indian e-commerce marketplace Paytm Mall, announced on May 15 that its strategic focus has shifted from traditional physical e-commerce to B2B exports and “Open Network for Digital Commerce.” With this strategic adjustment, Alibaba Group and Ant Financial have exited from investments in PEPL and its Paytm Mall.
CATL to Become Battery Supplier for Mercedes-Benz G-Class EV
Luxury car maker Mercedes-Benz announced on Tuesday that it would introduce a new high energy density battery for its G-Class electric vehicle model. The new battery uses silicon-based anodes and its energy density is 20% to 40% higher than similar batteries. Cailian Press learned from people familiar with the matter on Wednesday that the battery is to be provided by Chinese industry giant CATL, and that the negative electrode material came from Sila Nanotechnologies, a California-based startup.
