Pandaily's Digest | May 10, 2024
Editor's note: BYD executive denied the news that BYD is going to launch electric motorcycles and electric bicycles.
BYD Denies Launching Electric Motorcycles and Electric Bicycles
BYD executive denied the news that BYD is going to launch electric motorcycles and electric bicycles. Link
Headlines from China
Xiaomi Appoints Two Female Executives
On May 8th, Lei Jun announced that two Xiaomi colleagues have been promoted to senior executives of the group. This is the first time Xiaomi has appointed two female executives simultaneously. Link
Alibaba’s Global Headquarters in Hangzhou Is Officially Operational
On May 10, Alibaba's global headquarters located in Hangzhou was officially put into use. Link
CapCut’s New Brand Dreamina Launches AI Video Editing Feature
ByteDance's video editing product CapCut's new brand Dreamina announced that its AI drawing and AI video creation functions have been fully launched. Link
Tesla’s Shanghai Megafactory Energy Storage Construction Plan Approved
Tesla's Shanghai Megafactory project for energy storage has been approved, making it Tesla's first energy storage megafactory project outside the U.S. mainland. Link
News You Shouldn’t Miss
CMA CGM and CATL Sign A Cooperation Agreement
CATL and CMA CGM recently signed a cooperation agreement and plan to establish a joint venture. Link
Realme GT Neo6 Phone Set to Launch, Claiming to Challenge the Strongest Products in Its Class
On May 6th, realme announced that the official launch of the realme GT Neo6 phone is coming soon, claiming to "challenge the strongest product performance in the same category". Link
MINISO’s American Dream: A New Era of IP-Driven Expansion
On May 3, MINISO celebrated the grand opening of its first IP collector store in the United States, located in the American Dream Mall, New Jersey. Link
Tim Cook Reckons China “the Most Competitive Market in the World”
"I remain very optimistic about the future development of the Chinese market", said Tim Cook on the earnings call. Link
Richard Yu Steps Down as Huawei Terminal BG
Richard Yu (Yu Chengdong) will serve as the chairman of the Huawei Terminal BG, and He Gang, the former COO of Huawei Terminal BG, will take over as the CEO of Huawei Terminal BG. Link
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