Pandaily’s Digest #20220725
This week: Tencent's NFT marketplace Huanhe to close down, Zipmex becomes latest crypto exchange to halt withdrawals, Hong Kong monetary chief said crypto and DeFi won't disappear, and more.
China NFT Weekly: A Bad Week for Crypto
This week: Tencent's NFT marketplace Huanhe to close down, Zipmex becomes latest crypto exchange to halt withdrawals, Hong Kong monetary chief said crypto and DeFi won't disappear, and more.
MobiDrop Secures About 100M Yuan in Round-A+ Financing
Biotechnology startup MobiDrop completed an A+ round of financing worth nearly 100 million yuan ($14.8 million). The funding was led by LYFE Capital, followed by existing shareholder Source Code Capital and local government guidance entity Yunxiang Fund.
China Leads World in Cumulative Installed Power Battery Capacity
As of the end of June, the installed capacity of power batteries in China had reached 531.9 GWh, remaining top in the world.
WEF Report: China’s 2060 Carbon Neutrality Goal to Cost $20.7T
The estimated total green financing required in China from 2020 to 2060 to achieve its carbon neutrality target is about 140 trillion yuan ($20.7 trillion) in the power, steel, transportation, construction and real estate sectors.
CALB Withdraws Three Patent Invalidation Lawsuits Against CATL
New progress has been made in patent infringement cases between Chinese battery giant Contemporary Amperex Technology Co., Limited (CATL) and its competitor China Aviation Lithium Battery Co., Ltd. (CALB).
BYD Launches Yuan Plus Electric SUV in Costa Rica
Shenzhen-based automaker BYD announced on July 22 that its first A-class electric SUV based on the firm's e-platform 3.0 architecture, known as the Yuan Plus in the domestic market, was recently launched in San Jose, Costa Rica.
Tesla Shanghai Gigafactory to Transform Production Line by August 7
A transformation plan for Tesla's Shanghai Gigafactory has been launched this month, in which the second-stage production line was successfully updated on July 16. Meanwhile, adjustments to the factory's first-stage production line expected to complete by August 7.
Chinese Former eBay Subsidiary EachNet.com Announces Closure
Chinese e-commerce firm EachNet.com, which was once owned by eBay, has recently announced that it will cease website operations at 24:00 on August 12, due to the adjustment of its operation strategy.
China Successfully Launches Wentian Lab Module
According to the China Manned Space Agency (CMSA), the Wentian lab module docked with the front port of the Tianhe core module at 3:13 a.m. on July 25 (Beijing Time), after it entered its planned orbit and completed state setting.
Ningbo Shanshan and Keda Industrial Set for Swiss Listings
Ningbo Shanshan, a lithium battery company, and Keda Industrial, a building materials machinery company, announced that they will be part of the first batch of RMB ordinary-share (A-share) companies to be listed on the Swiss Stock Exchange.