Pandaily's Digest | Mar 1, 2024
Editor's note: Yu Yongfu, Chairman of the Local Life Group and CEO of Ele.me, will step down from his management roles by the end of the current fiscal year.
Chairman of Alibaba’s Local Life Group, Yu Yongfu, to Step Down from His Management Role
Alibaba Group announced on March 1 that Yu Yongfu, Chairman of the Local Life Group and CEO of Ele.me, will step down from his management roles by the end of the current fiscal year. Link
Headlines from China
Tesla Applies for Chinese Trademark for Cybertruck
Tesla has recently applied to register a trademark called "Tesla Cyber" in China. Link
Xpeng Motors Responds to P7 Vehicle Fire Incident Following Traffic Accident
After a high-speed accident and fire involving an Xpeng P7, Xpeng Motors is cooperating with the investigation and expressed support for the affected car owners. Link
China’s Central Bank Enhances Mobile Payment Experience for Foreigners
Foreigners in China will see single transaction limits raised to $5,000 and annual transaction limits increased to $50,000. Link
Li Auto: 5C Supercharging Pile Officially Put into Use on March 1st
On March 1st, the Li Auto 5C supercharging piles will be officially put into use. Link
News You Shouldn’t Miss
Alibaba Cloud Announces the Largest Price Reduction in History
On February 29th, Alibaba Cloud announced that the prices of its core products have been comprehensively reduced, covering over 100 products and more than 500 product specifications. Link
Hesai Technology Addresses Lidar Products Bug
Hesai Technology confirmed that two older models of their L4 mechanical lidars experienced a software bug. The issue has been identified and solutions have been provided to the affected customers. Link
Xpeng Motors and Volkswagen Sign Strategic Technology Cooperation Agreement for Electric Vehicle Development
On February 29, Xpeng Motors and Volkswagen Group signed a joint development agreement for platform and software strategic technology cooperation, accelerating the joint research and development of two B-segment electric vehicles. Link
Alibaba Has Developed An AI-Generated Video Model “EMO”
Alibaba recently launched a new AI image-audio-video model technology EMO, officially referred to as "an expressive audio-driven portrait video generation framework". Link
Ant Group Launches Multimodal Remote Sensing Model “SkySense”
SkySense can be used for terrain, crop observation, interpretation, and effectively assist agricultural production and management. Link
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