Pandaily's Digest | Mar 22, 2024
Editor's note: In an interview with the media, Cook stated, "I don't think there's a more important place than China for Apple's supply chain."
Tim Cook Visits Shanghai Upon Opening of New Flagship Store
On Mar 21, Apple CEO Tim Cook visited China and made an appearance on the Bund in Shanghai. In an interview with the media, Cook stated, “I don’t think there’s a more important place than China for Apple’s supply chain.””In fact, over the past 30 years, we’ve been constantly expanding our supply chain in China and continuously increasing our investments,” Cook added. Link
Headlines from China
Moonshot AI’s “Kimi” Experiences Temporary Crash Due to Traffic Surge
Despite Kimi's current success, a securities analyst warned that its relatively low technical threshold could lead to intense competition in the future. Link
BYD Expands into Greek Automobile Market with the Launch of BYD ATTO3
BYD has officially announced its entry into the Greek passenger car market during a product launch event held in Athens, Greece, on March 20. Link
Temu Reaches 50 Countries and Plans for Increased R&D Investment
Pinduoduo's cross-border e-commerce platform, Temu, has expanded to 50 countries since 2022, revealed Chairman Chen Lei. Link
OnePlus Launches AI-Powered Ace 3V
The OnePlus Ace 3V positions itself as the "first AI phone for young people," offering features such as AI elimination, English teacher, writing assistant, etc.. Link
News You Shouldn’t Miss
Former Alibaba CEO Zhang Yong Joins Firstred Capital
The former Chairman and CEO of Alibaba Group, is set to join Firstred Capital as a managing partner. Link
Kuaishou Aims for GPT-4.0 Performance Level and Advances in Video Large Model
CEO Cheng Yixiao is confident that within the next six months, the comprehensive performance of Kuaishou's large model will reach the level of GPT-4.0. Link
NVIDIA’s Jensen Huang Responds to AI Chip Pricing Issue
On March 19, NVIDIA CEO Jensen Huang responded to the pricing issue of AI chips in an interview and emphasized the importance of the Chinese market. Link
Alibaba Plans to Reduce Its Stake in XPeng Motors, Worth about $3.14 Billion
Alibaba reduced its holdings of XPeng Motors' ADS worth approximately $314 million after terminating the director appointment agreement with the company. Link
NIO Phone 2 Has Completed Development and Entered the Manufacturing Phase
NIO Chairman William Li confirmed that the NIO Phone 2 has completed development and entered the manufacturing phase. Link
In order to optimize your reading experience, articles linked in our newsletter have changed from those hosted at Substack.com to those on our own website at Pandaily.com. If you have any questions regarding this matter, please contact us at contact@pandaily.com.
