Pandaily

Xiaomi Auto Reports a Net Loss of 1.8 Billion Yuan in Q2, But Surpasses Tesla in Gross Margin

Xiaomi Group saw a record-breaking total revenue of 88.9 billion yuan in its Q2 financial performance, marking a 32% year-on-year increase.

Li Auto Establishes An Industrial Intelligence Company with A Registered Capital of 100 Million Yuan

Li Auto established an industrial intelligence company in Jiangsu with a registered capital of 100 million yuan.

Astribot’s New AI Robot Assistant S1 Officially Debuts at the World Robot Conference

On August 21, the next-generation AI robot assistant Astribot S1 from Shenzhen's Astribot was officially unveiled at the 2024 World Robot Conference.

Avatr Plans to Acquire 10% Stake in Yinwang, Valuing Huawei’s Car BU at Over One Trillion Yuan

On August 19, Changan Automobile announced that its joint venture, Avatr Technology, plans to buy a 10% stake in Huawei's subsidiary, Yinwang, for 11.5 billion yuan. After the deal, Avatr will hold a 10% share, while Huawei will retain 90% of Yinwang.

Meituan’s Rental Service Expands to Over 40 Cities in China, Aiming for Nationwide Coverage by Year’s End

According to insiders, Meituan's rental service is part of Meituan's homestay business, mainly catering to various medium and short-term rental needs such as tourism, business travel projects, and health travel.

The Chinese 3A Game ‘Black Myth: Wukong’ Is Released, Topping the Steam Most Played Games

The Chinese 3A game 'Black Myth: Wukong' has officially launched, and within less than an hour of release, it become the most played game on Steam.

MINISO Launches ‘Lucky 7’ Perfume Series

MINISO has collaborated with seven internationally renowned perfumers to create this series. The team includes industry veterans Maurice Roucel, Suzy Le Helley, Coralie Spicher, Nathalie Benareau, and emerging talents Steven Guo, Florian Gallo, and Kira Zhu.

Temu’s Semi-Hosted Japan Site Will Officially Launch on August 27

Temu's semi-hosted Japan site will officially launch on August 27. The sites for South Korea and Mexico will also be opened gradually by the end of the month.

Luckin Coffee Plans Large-Scale Expansion, Focusing on Southeast Asia and the U.S.

Luckin Coffee plans to launch a large-scale overseas expansion from Q4 2024, focusing on the Southeast Asian and U.S. markets.

BYD ‘Explorer No.1’ Arrives in Europe, Heading to the UK and the Netherlands to Unload Vehicles

On August 15, BYD's 'Explorer No.1' arrived in Spain, and will continue to sail to the UK, the Netherlands, and other countries to unload vehicles.

Kunlun Tech Launches AI Short Drama Platform SkyReels

Kunlun Tech launches the world's first AI short drama platform SkyReels that integrates video large models and 3D large models.

Meituan Launches Drone Delivery Service in Beijing with First Route at the Great Wall

On August 16, Meituan Drones launched its first regular drone delivery route at the Badaling Great Wall in Beijing. This service caters to tourists near the landing site, offering essential items and emergency aid.

WeChat and Ant Group Bets on AI App Store, Giants Compete for ‘Apple Tax’

WeChat and Ant Group are both developing AI application platforms.

Farewell to Nokia: HMD to Officially Launch Its Own Brand in China

The brand licensing agreement between HMD and Nokia is due to conclude in 2026. After this, HMD will cease production of Nokia-branded smartphones and concentrate on developing its own brand.

“Chinese Vision Pro” Revealed: Two Models With and Without Camera, Target Yearly Sales of 500,000 Units

In February of this year, Emdoor Virtual's CEO, Shi Qing, did not shy away from talking about labels such as "low-end," and "counterfeit," and believed that low-priced products are not shameful. The company plans to ship 500,000 units this year.

TuSimple to Develop “The Three-Body Problem” Animation and Game, But Won’t Abandon Autonomous Driving

TuSimple officially announced its entry into the field of generative AI applications. The new "Generative AI" business unit has been established and has received unanimous approval from the group's board of directors.

Audi and Huawei Partner to Integrate Smart Driving Solutions in Final Generation of Combustion Engine Vehicles

Audi's final generation of combustion engine vehicles will feature Huawei's smart driving solutions.

The First ONVO L60 Rolled Off the Production Line Today

On August 15, the first mass-produced ONVO L60 rolled off the production line at the NIO F2 factory, officially marked as '0000001'.

SHEIN Sets Up Supply Chain HQ in Guangzhou with 3.69 Billion Yuan Investment

SHEIN has plans to establish an intelligent warehousing logistics distribution park that will integrate various functions such as warehousing, stockpiling, picking, distribution, delivery, and settlement.

Insta360 Founder Expresses Frustration Over Delayed IPO Approval

On August 15th, Insta360 founder Liu Jingkang voiced his frustration on social media over the lack of IPO approval since 2022's on-site verification, seeking fair treatment from regulatory bodies.

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