Pandaily's Digest #20220727
On the evening of July 25, a screenshot related to Didi’s ongoing bankruptcy audit was leaked by an accounting firm employee. The firm’s car-sharing business is going into liquidation.
Didi’s Car-Sharing Arm Reportedly Goes Bankrupt
On the evening of July 25, a screenshot related to Didi’s ongoing bankruptcy audit was leaked by an accounting firm employee. On Chinese social media platform Weibo, a user suspected of being a Didi employee confirmed that the firm’s car-sharing business is going into liquidation. The news comes as Didi’s autonomous driving business, which is heavily associated with its car-sharing venture, is undergoing mass layoffs.
Game Space to Launch NFT AirDrops for Steam Players
Game Space, the industry’s first “GameFi-as-a-Service” (GaaS) platform, announced on July 25 that it will open an NFT AirDrop event for “one billion Steam players”, aiming to reward the attention and interest of its users.
ByteDance Has Initiated at Least Four Chip Projects
At a conference on July 20, Yang Zhenyuan, the vice president in charge of Volcano Engine and the data center at ByteDance, disclosed progress of the firm’s self-developed chips. Yang said the self-developed chips involved video codec, cloud reasoning acceleration and other scenarios, and that ByteDance was also exploring the use of RISC architecture chips in the cloud with industry suppliers. ByteDance has not developed general-use chips such as CPUs and GPUs, and the chips in development are for its own use and won’t be sold to others.
Alibaba Removes All Ant Executives from Partnership in First Step to Separation
Alibaba and its financial affiliate Ant Group are gradually completing an organizational restructuring. The original direct internal transfer channel has also been eliminated in favor of the normal separation process, sources familiar with the matter revealed to Chinastarmarket.cn on July 26.
China’s Largest Solid Rocket ZK-1A Makes Successful Maiden Flight
At 12:12 on July 27, 2022, Beijing time, the Lijian-1 (ZK-1A) carrier rocket made its first successful flight from China’s Jiuquan Satellite Launch Center.
Crypto Exchange Hoo Beset by Cash Flow Gap
Due to rapidly changing market conditions, many external investment institutions, chains, lending projects and platforms have successively encountered problems, crypto exchange Hoo has suffered a gap in its cash flow, according to its statement on July 24.
League of Legends: Wild Rift to Accelerate Promotion of Independent Mobile E-sports Contests
Tencent E-sports held its annual launch event on July 26. Jin Yibo, the deputy general manager of the Interaction Entertainment Group’s K6 Cooperation Department and CEO of TJ Sports, introduced the latest progress of the League of Legends: Wild Rift regarding e-sports and its key events planning in the future.
Miniso Responds to Critical Report by Blue Orca Capital
Chinese low-cost retailer Miniso responded on July 27 to allegations made in a recent report by short selling institution Blue Orca Capital. The company said it believes that the report is groundless and contains misleading interpretations and conclusions.
Apple’s Chinese App Store Faces Heat Over Pornographic Content
On July 26, news that the Apple App Store in China has many pornographic apps became a hit search on domestic social media. Reports alleged that while some apps on the platform may appear normal, they actually contain pornography and other content illegal in China.
Li Auto’s L9 Crashes Again During Test Drive
Li Auto‘s L9 model, claimed by the firm to be “the best household SUV within 5 million yuan,” on July 26 suffered another accident during a test drive.
