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Tencent Plans to Introduce Meta Quest 2 for Its XR Business

Tencent's extended reality (XR) department underwent adjustment and started to focus on building software. It reportedly will introduce Quest 2, a VR device under Meta, in the future.

ChatGPT-Generated Fake News Spreads in China

A "press release" about the cancellation of the traffic restrictions based on the last digit of license plate numbers by a local government in China went viral on February 16. After tracking the actual publisher, it was determined to have been written by ChatGPT, generating wide concern about AI-generated fake news.

EU’s 2035 Ban on New Fossil Fuel Cars May Benefit Chinese EV Makers

The European Parliament formally approved a law to effectively ban the sale of new petrol and diesel cars in the European Union from 2035. This move may be more beneficial to Chinese independent auto brands.

Xiaomi to Obtain Electric Vehicle Manufacturing License

Chinese consumer electronics maker Xiaomi is close to obtaining approval for producing electric vehicles (EVs). Actually, since 2017, the application process and criteria for granting electric vehicle manufacturing licenses in China have tightened.

Chinese Tennis Player Wu Yibing to Welcome Huge Commercial Value after Lifting ATP Tour Trophy

Wu Yibing became the first Chinese mainland player to lift an ATP Tour trophy after winning the Dallas Open title on February 12. As it seems now, the 23-year-old tennis player's commercial value is soaring.

Firms Gear Up for China’s Return to Pre-Pandemic Business Travel

Domestic and foreign firms are now eagerly awaiting a resumption of streamlined international business travel to and from China.

Luxury E-Commerce Platform Secoo Stock Price Jumps After ChatGPT Announcement

Secoo, a Nasdaq-listed luxury e-commerce platform, announced on February 6 that it will explore the use of AI-generated content (AIGC) and ChatGPT-related technology. Its stock price soared by 127.55% to $3.80 on this news.

Taiwanese Singer Jimmy Lin Fined for Illegal Parking Half a Year after Tesla Car Accident

Taiwanese singer and professional race driver, Jimmy Lin was photographed driving out to have dinner with friends, and was later fined for parking illegally. This is his first public appearance in front of the media since the accident involved a Tesla vehicle in July last year.

PDD Holdings’ Temu Starts Internal Testing in Canada

More than half of the products offered by Temu, a shopping app owned by Shanghai-based internet giant PDD Holdings, have started internal testing in Canada.

Cross-Border Travel between Mainland China, Hong Kong and Macao to Resume Next Week

Cross-border travel between mainland China, Hong Kong and Macau will fully resume from February 6, with no advanced reservation requirement and no cap on the number of passengers arriving from these two special administrative regions via land ports in Guangdong province.

Microsoft Rumored to Cut Suzhou Division in China, Future Adjustments Inevitable

Reports surfaced recently alleging that Microsoft will cut its Suzhou division in China, implementing large-scale layoffs with compensation of over 12 months in salary. However, several independent sources confirmed that the news was not true.

Geely-Backed Lotus Tech to Go Public on Nasdaq Via Business Combination

Lotus Technology, a luxury electric vehicle maker backed by Chinese automotive giant Geely, will carry out a public listing on the Nasdaq under ticker symbol "LOT" via a merger with a special purpose acquisition company.

BYD Expects Profits to Top $2.5B in 2022

Chinese electric vehicle and battery maker BYD released its performance forecast for 2022 on January 30. The company expects to have achieved an operating income exceeding 420 billion yuan ($62.19 billion).

XPeng Aeroht’s Flying Car Obtains Special Flight Permit in China

XPeng Aeroht, a flying car company owned by XPeng, announced on January 30 that the self-developed flying car XPeng X2 has obtained a special flight permit issued by the Civil Aviation Administration of China (CAAC).

Infection Rate of COVID-19 Shows Downward Trend in China

A report from the Chinese Center for Disease Control and Prevention on January 15 showed that, based on optional nucleic acid testing data, positive cases across the country have showed a clear trend of increasing then decreasing since December 9 of last year.

Movie Box Office Sales During China’s Spring Festival Holiday Reach $992M

According to Dengta, a Chinese movie data platform, the total box office proceeds from movies debuting during this year's Spring Festival holiday reached 6.734 billion yuan ($992 million), ranking second in Chinese film history and exceeding the 6.039 billion yuan recorded in 2022.

A New Rival for Boeing and Airbus? What to Expect From China’s C919

The C919's commencement of passenger flights this spring may represent a first step in becoming the world's third powerhouse aircraft model.

“The Wandering Earth 2” Surpasses $15M in China’s Pre-Sale Box Office

Before "The Wandering Earth 2" film officially debuts during China's upcoming Spring Festival holiday, a special watching event was held in Beijing on January 18. So far, the film's pre-sale box office proceeds have exceeded 100 million yuan ($14.75 million).

Microsoft to Cut 10,000 Jobs, Affecting Chinese Division

US tech giant Microsoft would lay off 10,000 workers by the end of this year's third quarter, accounting for just under 5% of its total employee count. The firm's China division reportedly will be involved, but the layoff ratio is lower than 5%.

NetEase Expresses Strong Dissatisfaction With Blizzard’s Game Agreement Termination

A game license agreement between Blizzard and NetEase will expire on January 23, and Blizzard has decided not to renew it. Blizzard China latest announcement invited widespread criticism from Chinese web users.

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