Pandaily Digest | Jan 18, 2023
Editor's note: Two months after the announcement of a game license termination between NetEase and Blizzard, both parties confirmed that negotiations had failed.
Renewal of Deal Between Blizzard and NetEase Breaks Down
On January 17, Blizzard China announced that it would suspend game services in China on January 23 in accordance with the announcement of Wangzhiyi, a subsidiary of NetEasethat is used to contact Blizzard and operate its games in mainland China. Link
Headlines from China
Meituan’s Delivery Drones Completed Over 100K Orders Last Year
By the end of 2022, the cumulative orders of Meituan‘s delivery drones had exceeded 120,000, among which orders completed in 2022 alone exceeded 100,000, and the types of goods that can be delivered exceeded 20,000. Link
Lidar Firm Hesai Technology to Debut on Nasdaq
Leading Chinese lidar firm Hesai Technology submitted a prospectus on January 17 in preparation for its listing on the Nasdaq under stock code “HSAI.” Link
Following Tesla, XPeng Reduces EV Prices by up to $5,312
Following similar moves by Tesla China and Huawei-backed AITO, Guangzhou-based electric vehicle firm XPeng has announced a price reduction plan. The price of its G9 model, launched in September 2022, remains unchanged. Link
Keyrock: Liquidity Makes Blockchain Matter
In November, Keyrock announced it had raised $72 million in a Series B funding round. The announcement came at a pivotal time when market confidence in crypto was wavering. Link
News You Shouldn't Miss
CATL and UL Solutions Join Forces to Advance Battery Safety and Performance
On January 17, Chinese battery giant CATL and global leader in applied safety science UL Solutions announced a new MOU for strategic cooperation to help create safer deployment and use of battery energy storage systems (BESS) and electric vehicle batteries. Link
Founder of XPeng Summarizes Achievements and Problems in 2022
On January 18, Chinese electric vehicle maker XPeng held its annual meeting. He Xiaopeng, the firm’s chairman, reviewed his five-year entrepreneurial journey from 2018 to 2022, reflected on the firm’s performance in 2022, and shared its main plan for 2023, 36Kr reported. Link
TCL Builds on US Sustainability Accomplishments With Launch of #TCLGreen Campaign
During the recent CES 2023 tech show in Las Vegas, consumer electronics firm TCL launched its #TCLGreen campaign, a global initiative building on its award-winning US sustainability achievements to continue growing its commitment to Environmental, Social and Governance (ESG) efforts and create a greener planet. Link
Kuaishou CTO Chen Dingjia Resigns
Chinese short video platform and TikTok rival Kuaishou announced on January 17 that Chen Dingjia will resign as chief technology officer. After the resignation, he will still serve as the company’s lifelong honorary consultant to provide guidance and support. Link
Faraday Future to Relocate China Headquarters as Financial Troubles Persist
Faraday Future, a California-based smart electric mobility firm, on January 18 announced that it has reached a non-binding cooperative framework agreement with the city of Huanggang in China’s Hubei Province, intended to promote its US-China dual-home market strategy. Link
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