Pandaily's Digest #20220527
The Cyberspace Administration of China released the names and record numbers of the eighth batch of registered domestic blockchain information service providers, including 106 new entities.
China Strengthens Supervision of Blockchain Information Services
On Tuesday, the Cyberspace Administration of China released the names and record numbers of the eighth batch of registered domestic blockchain information service providers, including 106 new entities.
Shunwei Capital to Reduce Stakes in Roborock, Not Exceeding 6%
Roborock, an intelligent home-cleaning robot company, disclosed a shareholding reduction announcement on Thursday night. Holding 8.87% of shares, Shunwei Ventures III (Hong Kong) Limited intends to reduce its shares to a total of no more than 4,008,378 shares, and the number of shares to be reduced reportedly accounts for no more than 6.00% of the total share capital of the company.
China Releases Schematic Diagram of Space Station
The Science and Technology Committee of the China Aerospace Science and Technology Corporation (CASC) posted an ultra-high definition schematic diagram of the China Space Station on Wednesday.
Huawei Unveils Next-Generation Data Center Facility
Huawei held a launch event for its Next-Generation Data Center Facility on Thursday. At the event, staff introduced the facility’s groundbreaking concept, and also unveiled PowerPOD 3.0, a brand-new power supply system.
ECARX to Go Public in $3.82B Merger With COVA Acquisition
ECARX Holdings, Inc., a global mobility tech company, has entered into a merger agreement with COVA Acquisition Corp. and expects to be listed on the Nasdaq upon completion of the transaction. The closing of the merger is expected to occur in the fourth quarter of 2022.
Baidu Reports Total Revenues of Over $4B in Q1
Beijing-based internet and technology giant Baidu announced on Thursday its unaudited financial results for the first quarter ended March 31, 2022. Total revenues were $4.48 billion, an increase of 1% year over year. Non-GAAP net income attributable to Baidu was $612 million.
Hello Electric Scooter Launches New-Generation Intelligent Platform Turing T30
On Wednesday, Chinese urban transit firm Hello Inc. launched a new-generation intelligent platform called “Hi-Turing T30,” which is to be used for its new electric scooter, the “Hello B70 PRO.”
Collectible Handicraft E-Commerce Platform Weipaitang Eyes Hong Kong IPO
Weipaitang, an online auction platform for collectible handicrafts, submitted application materials for a public listing on the Hong Kong Stock Exchange (HKEx) on Wednesday. The exclusive sponsor is CICC.
BYD and ADL Jointly Produce Over 1,000 Electric Buses in the UK
According to the website of the Chinese Consulate-General in Edinburgh, Consul General Ma Qiang paid a visit to leading British bus manufacturer Alexander Dennis Limited (ADL) in Falkirk, Scotland on Tuesday to tour the production lines of electric buses manufactured in partnership with Chinese automobile company BYD.
Consumer Tech Startup Nothing Begins to Promote First Smartphone
Nothing, a consumer tech startup established by former OnePlus co-founder Carl Pei, is about to launch its first smartphone, the Nothing Phone (1). More details regarding the new device have now been released.
