Pandaily's Digest#20221123
On November 20, the FIFA World Cup Qatar 2022 opened. From manufacturing, brand marketing, cultural derivatives to event broadcasting, the stadium is full of Chinese elements.
A Review of Chinese Brands Involved with the FIFA World Cup Qatar 2022
On November 20, the FIFA World Cup Qatar 2022 opened. From manufacturing, brand marketing, cultural derivatives to event broadcasting, the stadium is full of Chinese elements.
Hydrogen Fuel Cell Startup SinoSynergy Applies for Hong Kong IPO
SinoSynergy, a hydrogen fuel cell company based in China’s eastern Zhejiang province, on November 22 submitted a listing application to the Hong Kong Stock Exchange, with Huatai Financial Holdings named as the exclusive sponsor.
Former Deputy Director of SMIC Joins Foxconn to Lead Semiconductor Business
Hon Hai Precision Industry, a leading electronics manufacturer which trades as Foxconn Technology Group, announced on November 22 that it would recruit Chiang Shang-yi, a former executive at Taiwan Semiconductor Manufacturing Co (TSMC), as the group’s new semiconductor strategy chief.
Manner Coffee to Open Store in Hong Kong
Pictures of a new “Maners Coffee” store located in Hong Kong’s World Trade Centre were posted on November 21 on Xiaohongshu, a popular Chinese lifestyle-sharing platform. Apart from a slight change in its name, the logo is consistent with that of mainland chain Manner Coffee.
Huobi Launches Refreshed Brand, Unveils Post-Acquisition Global Expansion Roadmap
Crypto exchange Huobi Global launched a refreshed branding strategy on November 22, under which it will now simply be known as “Huobi.” The brand upgrade also came with the unveiling of a global expansion roadmap for the first time since it was acquired by About Capital Buyout Fund last month.
Binance Takes Lead in Size of Bitcoin Reserves
Data from analytics site CryptoQuant recently revealed that Binance has surpassed Coinbase Pro, a leading crypto exchange platform, to reach the top rank in terms of Bitcoin reserves on the exchange for the first time.
BYD Denies Rumors About Progress of Solid-State and Sodium-Ion Batteries
On November 22, Chinese electric vehicle maker BYD denied recent rumors that its solid-state batteries are about to be loaded into vehicles and that its sodium-ion batteries are entering the test stage.
Aerial Vehicle Firm EHang Participates in EU-Funded Air Mobility Project
EHang Holdings, a leading autonomous aerial vehicle technology company based in Guangzhou, announced on November 21 its participation in a European Union-funded project called “SBAS (EGNOS) Adoption in Multicopter VTOL Aircraft” (SAMVA).
Baidu Reports $4.57B Q3 Revenue and Abundant Free Cash Flow
Chinese tech and Internet giant Baidu announced on November 22 its unaudited financial results for the third quarter ended September 30, 2022, beating market consensus, with Baidu Core’s non-GAAP operating profit increasing by 14% year over year.
JD.com to Cut Executive Salary by 10-20%
Richard Liu, the founder of Chinese e-commerce giant JD.com, announced in an email to all employees on November 22 that executive pay at the firm will be reduced. Starting from January 1, 2023, the cash salary of senior managers at JD.com will be reduced by between 10% and 20%, with the higher the position, the more pay will be reduced.
