Pandaily's Digest#20221109
GoerTek, a key supplier of Apple and a Chinese manufacturer of acoustic components, issued a risk warning announcement, which is expected to affect its revenue by no more than 3.3 billion yuan.
Chinese Acoustic Components Firm GoerTek Rumored to Lose Apple’s AirPods Order
GoerTek, a key supplier of Apple and a Chinese manufacturer of acoustic components and electrical devices, issued a risk warning announcement on the evening of November 8, saying that it recently received a notice from a major overseas customer to suspend the production of one of its smart acoustic complete products, which is expected to affect its revenue by no more than 3.3 billion yuan ($455 million).
ByteDance Founder Zhang Yiming Places 2nd on Hurun China Rich List
Leading global research platform Hurun Research Institute released its Hurun China Rich List 2022 on November 8. According to the report, Zhong Shanshan, the founder of bottled water and beverage giant Nongfu Spring, increased his wealth by 17% compared with last year to become the richest individual in China for the second time with $65 billion, setting a record for the country’s richest man in more than 20 years. Meanwhile, Zhang Yiming, the founder of TikTok’s parent company ByteDance, ranked second, and RobinZeng, the chairman of battery giant CATL, ranked third.
Huawei Helps Tianjin Port Realize 5G and L4 Autonomous Driving
Huawei Connect 2022 is being held in Shenzhen from November 7 to 9. During the event, the firm’s Intelligent Corps of Highway and Waterway Ports made its first public appearance, with a sub-forum entitled “ICT New Technology Enables Smart Ports and Releases Digital Productivity of the Industry.”
Alibaba Says It Assumes Greater Responsibility With Advanced Technology
Daniel Zhang, Chairman and CEO of Alibaba, affirmed at this year’s Apsara Conference that technology serves as the cornerstone for the internet giant to maintain its long-term development. Alibaba says that its pursuit of technological advancement remains unchanged, and that it will assume greater responsibilities and make more contributions to social and economic development.
Chinese Hotel Chain Atour Set for Nasdaq Debut and ADS Issuance
Atour Lifestyle, a leading Chinese hotel chain, submitted its prospectus to the US Securities and Exchange Commission on November 7, with plans to officially list on the Nasdaq under the stock code “ATAT” on November 14.
Crypto Exchange Binance to Acquire Rival FTX, Drawing Antitrust Concerns
Crypto giant Binance said on November 8 that it has signed a non-binding letter of intent to fully acquire its rival FTX, helping to cover a liquidity crunch. Binance was the first investor to back FTX.
NFT Marketplace Magic Eden Seeks New Standard to Enforce Royalties
Jack Lu, co-founder and CEO of Solana’s leading NFT marketplace Magic Eden, has advocated for a new NFT standard that would enforce royalties at a hard, technological level, Decrypt reported on October 8.
BYD to Launch High-End Brand in Q1 2023
Chinese EV maker BYD’s high-end brand is tentatively scheduled to be officially launched in the first quarter of 2023, with the price of the first model exceeding one million yuan ($137,678), Cailian Press reported on November 8.
XPeng Co-Founder Denies Plan to Launch Extended-Range Vehicles
Henry Xia, President and Co-founder of Chinese electric vehicle maker XPeng, denied rumors on November 6 that the company may be considering adopting an extended-range power system in the future.
Vivo Launches OriginOS 3 With AI Functions
During its annual developers conference on November 8, Chinese smartphone maker vivo unveiled its Android 13-based OriginOS 3, which commenced internal testing on November 9.