China Tech Briefing
China Tech Briefing
Pandaily
Daily headline tech news in China that you cannot miss. Brought to you by Pandaily, an English-language site that tells you everything about China's innovation. Caiwei Chen is the host and executive producer of the show. Hazel Tang is the other producer. Our talented team at Pandaily also contribute to the content on a regular basis. For more information, check out www.pandaily.com and find us @thepandaily on Twitter, Facebook, LinkedIn and Instagram.If have any suggestions or business inquiries, contact us at [email protected].
Xiaomi Market Value Reaches HK$600 Billion, Share Price Soars 6%
News Briefing for 09/04/2020. The total market value for Xiaomi, Chinese smartphone and smart hardware manufacturer, reached HK$600 billion for the first time. And Xiaomi is also seeing huge progress in the European market, according to its CEO Lei Jun. Meanwhile at home, Tsinghua University ranked 20th in this year’s Times Higher Education World University Rankings, which makes Tsinghua the first Asian university to break into the top 20 list.
Sep 4, 2020
7 min
Alibaba Increases its Stake in YTO Express by 12%; Didi Chuxing Upgrades Taxi Service Unit
News Briefing for Sept. 2. Alibaba and YTO Express reached a strategic cooperation deal; Didi Chuxing upgraded its taxi business with Kuaidi for better taxi-hailing service. Meanwhile, Netflix just announced its plan to adapt the Chinese Sci-fi trilogy, the Three-Body Problem, with fans around the world excited about the announcement.
Sep 2, 2020
8 min
ByteDance’s US Sale Possibly Suspended Under China’s Revised Export Restrictions
News Briefing for August 31. TikTok assets may not be sold under the new restrictions revised by China’s authorities, as the regulations require governmental approval on technology exports. The regulations post new threats for TikTok in the US as the Trump administration set a deadline for September 15 to sell or ban its service in the US. In today’s show, we will update you with details of TikTok’s battle on its survival in the U.S.
Aug 31, 2020
7 min
Chinese EV Maker Xpeng Raises $1.5B In Its IPO
News Briefing for August 28. Chinese EV maker Xpeng Motors rang the opening bell at the New York Stock Exchange and saw a strong performance in trading. Meanwhile back home, BlueCity, the owner of China's biggest LGBTQ dating app Blued, said on Wednesday it had bought Chinese lesbian dating app LESDO. In today's show, we will bring you the latest.
Aug 28, 2020
7 min
Breaking Down TikTok’s Case Against Trump Administration
News Briefing for August 26. TikTok has officially filed a federal lawsuit against the executive order from President Trump on a potential ban or forced sale of the company’s operations in the United State. In today’s show, we will break down the details of the case for you. Meanwhile back home, yesterday, August 26th, was the Qixi Festival, which is often referred to as ‘Chinese Valentine’s Day’. Like other festivals in China, Qixi is able to boom “romantic economy” every year, including the hotel, tourism and flower industries. How did the markets perform this year, especially under the pandemic? In today’s show, we will go into some detail about the event.
Aug 26, 2020
8 min
ByteDance to Sue US Government over TikTok Ban on Monday
News Briefing for August 24th. TikTok’s parent company ByteDance will file an official federal lawsuit this week against the Trump administration and his executive order on banning the app in the U.S. Meanwhile back home in China, the fashion industry is developing the idea of “sustainability” amid the pandemic to make changes.
Aug 24, 2020
8 min
Tencent Hires New Lobbyists While Trump Targets WeChat
News Briefing for August 21. Tencent has hired its first lobbyist in Washington DC while the Trump administration has targeted WeChat in the U.S. At home here in China, people in Wuhan, the once epicenter of COVID19, celebrated an eye-catching pool party earlier this week. In today’s show, we will get you covered on the latest.
Aug 21, 2020
8 min
Chinese Tech Giant Baidu Steps Up Its Game to Get Autonomous Vehicles on the Road
News Briefing for August 19. Chinese tech giant Baidu has now joined the competition to develop autonomous vehicles. One of our reporters was invited to take a ride on the roads of Changsha. In today’s show, we will hear from Isabel Wang about her experience with Baidu and her takeaways from Baidu’s attempt to enter the field of autonomous driving.
Aug 19, 2020
10 min
Tesla Denies Involvements in Pinduoduo’s Promotion
News Briefing for August 17. A recent promotional campaign by Pinduoduo (a Chinese e-commerce platform) mentioning Tesla garnered attention especially when Tesla denied its cooperation with the platform. In today’s show, we will discuss how the failure exposes some of the difficulties Pinduoduo has had with the brands they work with. Meanwhile, in today’s What’s up China, we will take a look at the limitations of some luxury brands as they try to decode and apply trends that work elsewhere in the world yet fail here in China. Many of the brands tried to launch campaigns for the recent Chinese Valentine’s Day but failed to attract many customers.
Aug 17, 2020
8 min
Tencent-backed Beike Zhaofang Raises $2.12B in U.S. IPO
News briefing for August 14. Tencent-backed housing platform, Beike Zhaofang, is set to complete the biggest initial public offering by a Chinese company in the US market despite rising hostility between the two countries and the tightening of securities regulations by the Trump administration. Meanwhile, in today’s What’s up China, we will look at online binge-eating shows that have taken hold on Chinese social media streams and are facing criticisms from officials due to the shows’ apparent disregard for the value of food.
Aug 14, 2020
8 min
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