Pandaily's Digest | Aug 28, 2024
Editor's note: TikTok is testing its local lifestyle business overseas, with the first stop being Southeast Asia.
TikTok Is Testing Local Lifestyle Services, Having Launched in Indonesia and Thailand
TikTok is testing its local lifestyle business overseas, with the first stop being Southeast Asia. Currently, the business has launched in Indonesia and Thailand. Link
Headlines from China
Temu Officially Announces the Opening of the Market to European Sellers
Temu has officially started inviting European merchants to register as sellers on its platform. Link
Zhipu AI Announces the Free Release of the GLM-4-Flash Large Model
Zhipu AI announced that the GLM-4-Flash large model is now freely available for use through the Zhipu AI large model open platform. Link
Didi Announces a 670 Million Yuan Investment in AutoAI Technology
Didi will invest 670 million yuan in NavInfo's subsidiary, AutoAI Technology Co., Ltd., with equity and cash, taking a 16.46% stake. Link
ByteDance Establishes a Large Model Research Institute
Insiders reveal that several AI experts have already joined the large model research institute and will report directly to Zhang Yiming. Link
News You Shouldn’t Miss
Pinduoduo Prepares to Sacrifice Short-Term Profits for Long-Term Development
Founder Chen Lei noted that Pinduoduo has entered a new investment phase, emphasizing that improving the ecosystem is a long-term endeavor. Link
Cross-Border Supply Chain Platform EasyYa Completes 150 Million RMB Financing
Cross-border e-commerce boutique supply chain platform EasyYa recently announced the completion of 150 million yuan in financing. Link
BYD ‘SUPER 8’ SUV Will Adopt Huawei ADS 3.0
BYD partners with Huawei, the SUPER 8 will be equipped with Huawei's ADS 3.0. Link
The Autonomous Driving Company WeRide Has Postponed Its IPO in the U.S.
Chinese autonomous driving technology company WeRide has postponed its IPO listing plan in the U.S. Link
IBM Closes Its R＆D Department in China, Affecting Over A Thousand People
IBM has confirmed that it will completely shut down its research and development department in China, affecting more than 1,000 employees. Link
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