China Archives - Pandaily

Former Apple Supplier OFilm’s VP Is Under Police Surveillance

OFilm, a former Apple supplier and a manufacturer of camera modules, released a notice stating that Cai Gaoxiao, director and deputy general manager of the company, has resigned and is under residential surveillance by public security authorities.

Developer of Mini-Game “Sheep a Sheep” Claims Infringement by GameFi Version

Following the release of a digital mini-game called "Sheep a Sheep," which has recently gone viral in China, a new GameFi version has quietly been launched. Its token price has experienced roller coaster-like fluctuations within a short period of time.

Battery Firm EVE Energy to Invest Over $1.38B on Production Expansion

An investment roadmap released on September 27 by Chinese battery company EVE Energy, which has a market value of over 170 billion yuan ($23 billion), has offered further insight into the potential of the lithium industry.

DJI Unveils Mavic 3 Enterprise Series of Portable Drones

DJI, a civilian drone and camera manufacturer based in China, introduced its new Mavic 3 Enterprise Series on September 27.

NetEase Cloud Music’s First Social Music App Starts Registration

MUS, the first social music app released by NetEase Cloud Music, on September 27 officially opened for registration. MUS, an abbreviation of Music with Us, is designed for matching user groups with similar music tastes.

Smart Chip Firm Horizon Robotics Secures Investment From Automaker Chery

Horizon Robotics, a manufacturer of in-vehicle smart chips, announced on September 26 that it has received strategic investment from Chery Automobile, with funds to be used primarily for the development and mass production of chips.

Chinese Authorities Crack Down on $5.6B Crypto-Related Money Laundering

Authorities in China's Hunan province have recently busted a criminal group that used cryptocurrency to launder 40 billion yuan ($5.6 billion). The trade of digital currencies was banned in the country last September.

Metaverse Jobs on Chinese Recruitment Platform Up 16.6% YoY From January to July

Chinese recruitment platform Zhaopin released its 2022 Talent Development Report on the Metaverse Industry on September 26. The document points out that from January to July, the number of jobs related to the metaverse on the platform increased by 16.6% year-on-year.

Li Auto’s Expected Q3 Delivery Falls Over 5% to 25,500 Units

Chinese electric vehicle maker Li Auto now expects its deliveries for the third quarter of 2022 to total around 25,500 units, significantly lower than previous forecasts, the company stated on September 26.

Vivo X Fold+ Debuts in China, Adapting Snapdragon 8+ Gen 1

Chinese smartphone maker vivo's latest foldable model, X Fold+, an upgraded version of the vivo X Fold that debuted in the first half of this year, launched in China on September 26.

Matching Mini-game “Sheep A Sheep” Hits It off in China, Arouses Controversy

A new pass-through mini game named "Yang Le Ge Yang," translated as "Sheep A Sheep," has become a national online sensation on China's social media in recent days. However, it has aroused controversy over its profitability and game rules.

DJI Puts Shenzhen Global Headquarters into Use

Chinese drone giant DJI's headquarters named "Sky City" in Shenzhen was officially opened and will house nearly 8,000 DJI employees. "It's the biggest, most difficult and most expensive product of DJI," a spokesperson said.

Cloud Gaming Tech Firm Well-Link Secures $40M in Round-B2 Financing

Well-Link, a Chinese cloud gaming services provider, announced that it has completed a B2 round of financing totaling $40 million yuan, led by Temasek.

WM Motor Founder’s Annual Salary Reaches $176M as Losses Mount

A prospectus released recently by Chinese EV maker WM Motor has triggered hot debate in the country. The high pay received by Freeman Shen, the firm's Founder, Chairman and CEO, has drawn scrutiny amid declining company revenue and major losses.

XPeng Adjusts G9 SUV’s Name, Price and Configuration Two Days after Release

Chinese EV maker XPeng officially launched its flagship SUV, the G9, two days ago. However, its complex configuration has exposed the company to much criticism. It has announced an overhaul, which has resulted in a price reduction of 20,000 yuan ($2,805).

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