Pandaily‘s Digest #20220701
Three apps including BOSS Zhipin (an online recruitment platform) that had been placed under review by China’s cyberspace regulator announced the resumption of new user registrations on Wednesday.
China Allows BOSS Zhipin, Full Truck Alliance Apps to Resume User Registration
Three popular apps that had been placed under review by China’s cyberspace regulator last year announced the resumption of new user registrations on Wednesday. Two of them are under Full Truck Alliance, a digital freight platform, and the other one is BOSS Zhipin, an online recruitment platform.
XPeng G9 to Be Launched in September
He Xiaopeng, founder of XPeng Motors, posted on Weibo on Wednesday that the XPeng G9 is to be the best SUV within the 500,000 yuan ($74,700) price range. At present, the G9 is advancing proceeding according to plan and reservations will begin in August while the official launch will take place in September.
JD.com Announces Renewed Strategic Cooperation With Tencent
JD.com, a leading Chinese e-commerce firm, announced on Wednesday that it has renewed a strategic cooperation agreement with Tencent for a period of three years.
Chinese Aerospace Firm Rocket Pi Bags Tens of Millions of Yuan in Pre-A Financing
Chinese startup Rocket Pi has secured tens of millions of yuan in pre-A round financing, led by Huagai Capital and followed by several famous angel investors in the hard technology field. The funds will be used for R&D and manufacturing of the firm’s first satellite and rocket.
Apple Took Half of Smartphone Sales in China’s 6.18 E-Commerce Festival
According to new research from Strategy Analytics, 14 million smartphones were sold during the “6.18” online shopping festival in China this year, down 25% year-on-year. Apple solidified its leadership at the expense of various Chinese brands. Xiaomi and Honor followed to rank in the top three spots.
Ant Group, Tencent, Baidu and Others Opt for Self-Regulation of Digital Collection Industry
With the China Cultural Industry Association taking the lead, nearly 30 Chinese enterprises and institutions have jointly launched the Initiative for Self-Regulation Development of the Digital Collection Industry on Thursday. The objectives are to oppose secondary trading and speculation, improve access standards for digital collection businesses, and promote the high-quality development of the industry as a whole.
Nayuki Releases Virtual Stock
On Thursday, tea brand Nayuki launched its campaign to celebrate the first anniversary of its IPO by giving away virtual shares for every tea drink. Users are able to earn one Nayuki coin for every 1 yuan spent and become a virtual shareholder by buying/selling virtual shares with the company’s coins. Further, customers can redeem the coins for various gifts at the Nayuki Coin Mall. Finally, to make the deal even sweeter, 30 shares of virtual stock can be exchanged for 3 yuan vouchers.
Geely Launches First Methanol Hybrid Sedan, Priced at $19,393
On Thursday, Geely announced the launch of the world’s first methanol hybrid sedan, a 4th generation Geely Emgrand methanol-electric hybrid sedan. It was delivered simultaneously with Geely’s fully forward-developed long-range methanol heavy-duty truck in Guiyang.
Social Networking App Soul Applies for Hong Kong IPO
Soulgate Inc., the operator of social networking app Soul, filed an application for a public listing on the Hong Kong Stock Exchange (HKEx) on Thursday, with Bank of America Merrill Lynch and CICC serving as co-sponsors.
Shifting Landscape in China’s Live E-Commerce Sector Provides Fresh Opportunities
Recently, the hottest way to multitask on the Chinese internet has been to brush up on one’s English skills while buying promoted items on Douyin.