Pandaily’s Digest #20220926
Tencent has made six major moves within the medical field this year, investing in several medical device enterprises.
Revealing Tencent’s Investment Map in the Medical Field
2022 has seen shrinking investment from China’s top internet giants. Public information shows that Tencent has made more than 80 external deals so far this year, down from 210 last year. Not only has the quantity declined, but the projects receiving investment from the Shenzhen-based firm are now more related to “hard technology” sectors. Among these deals, Tencent has made six major moves within the medical field this year, investing in several medical device enterprises.
Shanghai’s First Batch of Ride-Hailing Fuel Cell Cars to Enter Operation
The Shanghai municipal government announced on September 21 that the city’s first batch of fuel cell vehicles for ride-hailing will be put into operation by the end of this month. There will soon be 80 vehicles operating around Hongqiao Airport, which will be filled with hydrogen at the Shanghai Qingwei Petro-Hydrogen Co-Construction Station every day.
“Meta-morphic” NFTs by Chinese Artist Huang Yuxing With LiveArt Sell Out in One Minute
Meta-morphic, an NFT project pioneered by Chinese artist Huang Yuxing alongside LiveArt, opened for sale at 8:00 p.m. on September 23, Beijing time. A total of 800 units were sold in the pre-sale phase, while 670 units sold by the official platform sold out within one minute of the launch. The total sale amount was 804 ETH, worth over $1 million. The remaining 130 units were sold by Amber Group, a leading global digital fintech platform, and OKX NFT, a decentralized NFT trading marketplace.
China’s Tianwen-1 Mars Mission Team Wins International Space Award
China’s Tianwen-1 Mars mission team has won this year’s International Astronautical Federation (IAF) World Space Award, an award recognizing a person or a team for exceptional contributions to space exploration, during the 73rd International Astronautical Congress (IAC) in Paris, held from September 18 to 22.
What Do Tesla Shanghai Gigafactory Workers Look Like?
Recently, the shortest delivery time of all models of Tesla’s Model 3 and Model Y in China has been shortened to one week, which is inseparable from the increase in production capacity of the company’s Shanghai Gigafactory. However, although the young people working in the factory have relatively higher wages, a tight production pace leads to a higher turnover.
Cloud Gaming Tech Firm Well-Link Secures $40M in Round-B2 Financing
Well-Link, a Chinese cloud gaming services provider, announced on September 26 that it has completed a B2 round of financing totaling $40 million yuan, led by Temasek and followed by previous shareholders including Future Capital and CDH VGC. China Renaissance and Fanzhuo Capital jointly acted as financial advisers.
PICO 4 All-in-One New Product Unveiled, Starting From €429
On September 22, PICO, a VR brand owned by ByteDance, held a new product launch event, and officially released the new PICO 4 series of products to Europe, America, Japan, South Korea and Southeast Asia.
ByteDance Launches Women’s Fashion Retail Platform “If Yooou”
ByteDance, the Beijing-based parent company of TikTok, has recently launched a new fast-fashion retail platform named “If Yooou.” It currently covers European countries such as the UK, France, Germany, Italy and Spain.
WM Motor Founder’s Annual Salary Reaches $176M as Losses Mount
A prospectus released recently by Chinese electric vehicle maker WM Motor has triggered hot debate in the country. The high pay received by Freeman Shen, the firm’s Founder, Chairman and CEO, has drawn scrutiny amid declining company revenue and major losses.
Temu Seen as Beneficiary From PDD’s Plan to Help Manufacturers Build Global Brands
US e-commerce platform Temu is set to benefit from the latest initiative by sister company PDD to help manufacturers expand internationally and create global brands.
