Pandaily's Digest | Mar 29, 2024
Editor's note: Xiaomi SU7 was officially launched and delivered, with a starting price of 215,900 yuan.
Xiaomi SU7 Officially Launched, Starting Price at 215,900 Yuan
Xiaomi EV held a press conference today, and the Xiaomi SU7 was officially launched and delivered, with a starting price of 215,900 yuan. The chairmen of NIO, Li Auto, and XPeng Motors all attended the event. Link
Headlines from China
Insider Denied the Speculated Collaboration Between Apple and Baidu on AI
A source close to Apple has denied the speculated collaboration between Apple and Baidu, indicating that no formal cooperation agreement has been established yet. Link
BYD Will Launch the Fifth Generation DMI Hybrid Technology in May This Year
BYD Chairman Wang Chuanfu said that the fifth generation DMI hybrid technology will be launched in May this year, with a full tank/full charge range of 2000 kilometers. Link
Alibaba’s Cainiao Withdraws IPO Application and Sells Shares to Alibaba Group
Cainiao has withdrawn its IPO application, and plans to sell all its issued shares to Alibaba Group at a price of up to 3.75 billion USD. Link
ByteDance’s Lark Announces Organizational Adjustments and Layoff to Enhance Efficiency
On March 26, Xie Xin, CEO of ByteDance's Lark (also known as Feishu), sent a letter to all employees announcing a new round of organizational adjustments and appropriate downsizing. Link
News You Shouldn’t Miss
US Department of Justice Lawsuit Against Apple: The Implication for Super Apps and Market DominanceÂ
Last Thursaday, the United States Department of Justice (DOJ) initiated a significant lawsuit against Apple Inc., leveling allegations such as suppressing the growth of cloud gaming services and the burgeoning sector of "super apps". Link
Douyin E-Commerce Ventures out of Douyin, Launching the Douyin Shopping Mall App
Douyin e-commerce recently launched an app called "Douyin Shopping Mall". This is the first comprehensive independent e-commerce platform launched by Douyin e-commerce outside of the Douyin app. Link
AMD’s Latest Generation AI PC Processors Are Officially Shipping to China
On March 21st, at the AMD AI PC Innovation Summit held in Beijing, AMD CEO Lisa Su appeared on stage and delivered a speech, announcing that AMD's latest generation of AI PC processors are officially shipping to China. Link
CATL Develops Faster-Charging Batteries for Tesla’s Upcoming Low-Cost Electric Vehicle
China's leading battery manufacturer CATL is developing faster-charging batteries for Tesla as the automaker seeks to defend its market share and introduce an electric vehicle priced below $25,000. Link
Alibaba Responds to Selling Bilibili ADR: Based on Capital Management Goals
Alibaba responds to the news of selling Bilibili ADR: Based on Alibaba's own capital management goals, it does not affect the business cooperation between both parties. Link
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