Pandaily's Digest | Aug 23, 2024
Editor's note: Alibaba declared its voluntary transition from a secondary to a primary listing on the Hong Kong Stock Exchange, effective from August 28.
Alibaba Transforms into a Dual Primary Listing in Hong Kong
On August 23, Alibaba declared its voluntary transition from a secondary to a primary listing on the Hong Kong Stock Exchange, effective from August 28, 2024. Link
Headlines from China
Didi Tests “Choose Female Driver” Feature, Exclusively for Verified Female Passengers
According to an online survey, 24.2% of Didi passengers wished for the option to choose female drivers, which received the highest number of votes. The next most popular demands were for features to "block cars with bad odors" and "pet express." Link
Lei Jun: Xiaomi Is Not in A Hurry to Build Charging Piles, First Focus on Making the Car Well
Xiaomi's primary task at present is to focus on car manufacturing, aiming to make the Xiaomi SU7 the electric vehicle with the best compatibility and convenience with public charging stations. Link
Tesla’s Humanoid Robot “Optimus” Makes its Beijing Debut at the World Robot Conference
The 2024 World Robot Conference (WRC 2024), being held in Beijing from August 21 to 25, saw Tesla presenting its humanoid robot, Optimus, and the off-road vehicle, Cybertruck. Link
BYD Employs Over 5,000 in Intelligent Driving Team, Aiming to Pioneer Autonomous Driving Technology
BYD Chairman Wang Chuanfu announced that the company plans to invest an impressive 100 billion yuan in intelligent driving technologies, with a focus on generative AI and large model R&D. Link
News You Shouldn’t Miss
Douyin Launches Its Fourth Search App
After Toutiao Search, Wukong Search, and Lightning Search, Douyin recently launched its 4th independent search app 'Douyin Search'. Link
JD.com: Walmart No Longer Holds Equity in the Company
JD.com stated that as of August 20, Walmart no longer holds shares in the company. There are no known other reasons for the changes in stock price and trading volume. Link
TZE Denies Rumors of Production Shutdown: No Plans to Reduce Production Lines
TZE denies rumors of halted production: still in normal production operations, currently no plans to reduce production lines. Link
Xiaomi Auto Reports a Net Loss of 1.8 Billion Yuan in Q2, But Surpasses Tesla in Gross Margin
Xiaomi Group saw a record-breaking total revenue of 88.9 billion yuan in its Q2 financial performance, marking a 32% year-on-year increase. Link
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