Pandaily

Alibaba Chairman Joseph Tsai: Granting More Autonomy to Enhance Decision-Making Efficiency

Alibaba underwent a major reorganization last year, mainly hoping to ensure faster and more efficient decision-making, and therefore granted more autonomy to business team leaders.

Lenovo Group’s Revenue Fell by 8% in 2023, While Laying Off 7,500 Employees

Lenovo Group Limited released its financial performance for the fiscal year 2024.

Xiaomi: There Has Never Been A Plan or Action to Acquire Evergrande Auto

A spokesperson from Xiaomi stated, "Regarding recent rumors, we solemnly clarify the following: Xiaomi has never had any plans or actions to acquire or control Evergrande Auto."

The First Batch of BYD Qin L Delivers, Wang Chuanfu Personally Hands Over the Car to the Owner

The first batch of BYD Qin L has been officially delivered. Chairman Wang Chuanfu appeared at the delivery site to hand over the cars to the owners.

vivo S19 Officially Released, Achieving a Battery Energy Density of 809Wh/L

Even in extreme conditions of -20°C, the S19's battery maintains 80% of its capacity, outperforming standard batteries.

Soul App’s 2024 Survey on Gen-Z Attitudes towards AIGC: Potential Goldmine and Likely Cure for Loneliness

The research arm of the social platform Soul App, Just So Soul, conducted a survey on Generation Z's attitudes towards AIGC.

“Tencent Yuanbao” Launches: Based on the Hunyuan LM, Supports AI Search, Summarization, Writing

On May 30th, Tencent officially released the consumer-oriented AI assistant "Tencent Yuanbao" based on the Hunyuan large model.

ByteDance Continues Development of AI Wearable Devices

An insider reveals that ByteDance founder Zhang Yiming is highly interested in the exploration of AI hardware.

ByteDance Denies that ‘TikTok Proposed Transferring Control to the U.S. Government in 2022’

On May 30th, ByteDance issued a statement denying that "TikTok had proposed transferring control to the US government in 2022".

Faraday Future Annual Report: “May Never Achieve or Maintain Profitability”

The annual report shows that in 2023, Faraday Future had revenue of $800,000 and a cost of sales of $43 million, both of which were zero in the same period of the previous year.

WeChat Channels Live E-Commerce Team Merges Into the WeChat Open Platform Team

On May 28th, WeChat issued an internal announcement that the WeChat Channels live e-commerce team has been reorganized.

Li Auto’s Layoffs Approach 10,000 as Employee Benefits and Perks Are Sequentially Cancelled

Li Auto's representatives have confirmed a substantial reduction in their workforce. The total number of employees has fallen from its peak of over 30,000 to around 22,000 during the latest layoff period.

SenseTime Has Purchased Over 40,000 NVIDIA Chips in the Past Decade

SenseTime has bought over 40,000 NVIDIA chips in a decade, aiming for profitability within two years, says co-founder Xu Bing on Tuesday.

Beijing Citizens Complain About Xiaomi’s Road Tests, Citing “Public Safety Hazards”

Lei Jun, Chairman of Xiaomi Group, revealed earlier that Xiaomi SU7 is still being tested after delivery

BYD’s Fifth-Generation DM Hybrid Technology to Pioneer Fuel Consumption Below 3L/km

Models equipped with the fifth-generation DM hybrid technology will have fuel consumption as low as less than 3 liters per 100 kilometers.

Porsche China Issues A Joint Statement with Authorized Dealers

Porsche China issues a joint statement with all authorized dealers: Seeking effective ways to respond to market changes.

XPeng Motors’ Sub-Brand MONA First Car Rear Spy Photos Exposed

The first spy photos of the rear end of the MONA, a brand under XPeng Motors, have been exposed. It is expected to be named "Xiangwang 03".

Tencent Cloud AI Code Assistant Is Free for A Limited Time Public Beta Test

Tencent Cloud announced that its AI Code Assistant is now open for free limited-time public testing.

FAW-Volkswagen’s Foshan Factory Cuts 565 Jobs with Annual Salary of 110,000 Yuan

FAW-Volkswagen's Foshan factory cuts 565 positions; the official response states that this adjustment will not affect the daily production and operation of Foshan branch.

US and China Still Very Much in Business as Canton Fair Hosts Promotional Event in New York

On May 22, representatives from the long-running trade show Canton Fair were at a packed room in New York to drum up more support. The Canton Fair just concluded its 135th session in early May, receiving 246,000 international buyers, marking a new record of onsite buyer attendance.

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