Pinduoduo's revenue reached 68.84 billion yuan in Q3, 2023, a 93.9% increase from the same period last year, nearly doubling, and a net increase of nearly 16.6 billion yuan from 52.281 billion yuan in the second quarter, far exceeding market expectations.
Apple will officially start mass production of the first generation MR (Mixed Reality) product Vision Pro in December this year, significantly boosting mainland China's supply chain.
On November 28th, Richard Yu, CEO of Huawei Consumer BG, stated that Huawei has extended invitations to Seres, Chery, JAC Motors, and BAIC, and hopes that FAW Group will also join.
Changan Automobile has officially established a Southeast Asia Division. At the same time, it sets up three local companies and localized operation teams. The construction of a new-energy vehicle production base in Thailand has also begun.
Chinese fast-fashion e-commerce platform, Shein, has reportedly submitted an application to the U.S. Securities and Exchange Commission in secret, to prepare for a U.S. listing. It will be one of the largest IPOs in the U.S. securities market in recent years.
On the late evening of November 27, the Chinese ride-hailing app Didi crashed. DiDi users in Shanghai, Beijing, and Guangzhou reported on social media that they were unable to use the DiDi app and that the maps were not loading.
On November 26th, the latest design of Xiaomi retail stores has been revealed in preparation for the launch of Xiaomi's first car model.
A netizen asked when Google GMS framework would be supported, Yin Shuijun, the head of the NIOPhone, replied that it could be achieved in mid-late next month.
On November 26th, Alibaba Group's DAMO Academy responded to recent rumors about the closure of its Quantum Laboratory, stating that the DAMO Academy will donate the quantum laboratory and transferable quantum experimental equipment to Zhejiang University.
On November 25th, Huawei partnered with Changan Automobile to create a new company, relocating its smart car business unit there.
ByteDance's gaming subsidiary, Nuverse, is said to initiate a large-scale layoff starting from Monday.
On November 23rd, Tesla China responded to FSD implementation in China: 'Currently, it is indeed being promoted.'
Dell will stop selling products in China that are equipped with multiple AMD 7900 graphics cards.
Today, OPPO officially released the brand new Reno 11 Pro series smartphones.
Graphcore, the AI chip unicorn known as 'British Nvidia', will lay off most of its Chinese employees and halt sales in China.
On November 21st, according to industry insiders, Mooresilicon, a chip design joint venture under TCL Technology, has been 'dissolved'.
Since its spin-off from Huawei three years ago, Chinese smartphone manufacturer Honor has made substantial progress in its much-anticipated listing. On November 22, Honor issued a board announcement, stating that it will continue to optimize its equity structure, attract diversified capital, and enter the capital market through an initial public offering (IPO), clarifying the previous […]
Today, a Tesla car owner involved in a car accident was judged by the court to have infringed the reputation of Tesla, and was demanded to issue an apology.
Recently, Pinduoduo has established a large-scale AI model team consisting of dozens of people, located in Shanghai.
On November 21st, CATL announced that it has signed a strategic MOU with Stellantis Group to supply lithium iron phosphate batteries to the group in Europe.