Pandaily's Digest | Sep 11, 2024
Editor's note: CATL is seeking to acquire companies involved in photovoltaic (PV) modules and PV cells.
CATL Is Interested in the Photovoltaic Business and Is In Talks to Acquire DAS Solar
CATL is seeking to acquire companies involved in photovoltaic (PV) modules and PV cells, and is currently in talks to acquire a PV module manufacturer, DAS Solar. Link
Headlines from China
China’s First Stainless Steel Rocket Completes Vertical Takeoff and Landing Test
On September 11, China's independently developed 'ZQ-3' reusable vertical recovery test rocket completed a 10-kilometer vertical takeoff and landing return flight test. Link
WeChat Palm Payment Launches in Macau
On September 11, WeChat officially announced that the first stop for WeChat Pay outside the mainland would be 'Macau', with over 60 'tapping points' open. Link
Alibaba Cloud’s Singapore Node Suffers Network Disruption Due to Data Center Fire
Alibaba Cloud's Singapore node experienced a network disruption earlier on September 10, a situation prompted by a fire outbreak in the data center. Link
Agibot Completes New Funding Round, Valuation Exceeds 7 Billion Yuan
Agibot has completed a new round of financing, with its current valuation exceeding 7 billion yuan, receiving support from Chinese automotive giants including BAIC, SAIC, and BYD. Link
News You Shouldn’t Miss
Cainiao Launches L4 Autonomous Vehicles for Large-Scale Delivery
Cainiao currently manages over 800,000 square meters of overseas warehouses across 18 countries and regions. Link
Elon Musk Responds to Tesla’s Declining Market Share in China
After experiencing a decline in deliveries in China during the first half of the year, Tesla's sales grew in the most recent month. Link
Meituan’s International Food Delivery Service, Keeta, Launches in Saudi Arabia
Meituan's international version of its food delivery service, Keeta is set to launch in Saudi Arabia at 11 a.m. local time on September 9th. Link
ByteDance Raises Up to $600 Million in Funding For Its Subsidiary Dongchedi
ByteDance is raising up to $600 million in funds for its automotive information and transaction platform 'Dongchedi'. Link
Cainiao Launches the ‘Two Euros Two Days Delivery’ Campaign in Spain and Portugal
Cainiao has launched an economical logistics product for e-commerce packages that offers two-day delivery across Spain and Portugal. Link
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