JD’s top management undergoes major reshuffle after executive salary pay cut

Nov 26, 2022

Chinese e-commerce giant JD has undergone its biggest personnel adjustment in recent years, with a major reshuffle of president-level executives in its main retail business group, local media outlet LatePost reported on Thursday. The company’s main divisions have all been affected, including the 3C home appliance sector, which contributed nearly 60% of JD retail’s revenue in the third quarter of this year, and has now been split into new home appliances and computer communications divi ...read more

Oppo launches mid-end Reno9 in China

Nov 26, 2022

Major Chinese phone maker Oppo released its mid-end series Reno9 in China on Thursday, with prices ranging from RMB 2,499 to RMB 4,399 ($349 to $614). There are three models in the new series, the Reno9, Reno9 Pro, and Pro+, with each having a different processor: Qualcomm Snapdragon 778G, MediaTek Dimensity 8100-Max, and Qualcomm Snapdragon 8+ Gen 1, respectively. The series features a 6.7-inch punch-hole display, supporting a 120 Hz refresh rate. One sale point Oppo highlighted is their ...read more

What Has Technology Done To Soccer?

Nov 26, 2022

What Has Technology Done To Soccer? Posted by msmash on Wednesday November 23, 2022 @11:01AM from the closer-look dept. Perfect referees are a soccer fan's nightmare, it is increasingly appearing. From a report: The past four years have smoothed out some of those early kinks. Offside calls are now hyper-accurate and semiautomated. And VAR really has done some good: It has eliminated the worst officiating mistakes and ensured that we will not see another ha ...read more

Zhengzhou Foxconn apologizes for salary error after worker unrest

Nov 25, 2022

Zhengzhou Foxconn made an announcement on Thursday apologizing for a salary-related “input error” that caused disappointment and worker unrest in the iPhone manufacturing facility. Responding to worker concerns about salaries and conditions within Foxconn, the firm claimed they would stick with the salary standards that were promised in the recruitment posters. The announcement also noted that Foxconn would offer a “care subsidy” for those who intended to return home. The plant in ...read more

Kuaishou introduces matchmaking feature to live rooms

Nov 25, 2022

Chinese short video platform Kuaishou launches a “blind date” feature in live rooms, local media outlet Tech Planet reported on Friday. In addition, the company’s Chinese entities already added “marriage introduction services” to its business scope, corporate data provider Qichacha shows. According to the report, the matchmaking service is mainly carried out through Kuaishou’s live rooms, with users who want to participate in the activity needing to fill in their personal informat ...read more

BMW secures cylindrical battery cells from China’s EVE: report

Nov 25, 2022

BMW is securing cylindrical battery cells from Chinese manufacturer EVE Energy for battery production at a facility in the northeastern Chinese city of Shenyang, local media outlet The Paper reported on Thursday, citing people familiar with the matter. The news comes just after the German automaker revealed plans on Nov. 11 to invest RMB 10 billion ($1.4 billion) in battery manufacturing expansion in the city, where its joint venture, BMW Brilliance Automotive, is headquartered. In September, ...read more

BYD to build new 20 GWh EV battery plant in Wenzhou

Nov 25, 2022

BYD is building a new lithium-ion battery plant in the eastern Chinese city of Wenzhou, which it aims to start operations in 2024 with an annual capacity of 20 gigawatt-hours (GWh) of batteries, state-owned media outlet Wenzhou Daily reported on Thursday. The Chinese manufacturer sold the equivalent of 43.6 gigawatt-hours (GWh) of batteries in the first nine months of this year, jumping 177% year-on-year with a 12.8% share of the global electric vehicle battery market, according to figures ...read more

Genshin Impact developer drops Project SH, an ambitious title

Nov 25, 2022

Genshin Impact developer HoYoverse (Previously known as miHoYo) dropped Project SH and dismissed the unit working on the game, according to Chinese media outlet Game Insight. The title was an ambitious one as it aimed to launch on PC and console platforms. Project SH was reportedly developed by Unreal Engine 5, with similar gameplay to the top-selling Grand Theft Auto V. The firm will try to reallocate the team members, and if there is no proper arrangement reached, HoYoverse will offer labor ...read more

BYD raises car prices as China phasing out EV subsidies

Nov 25, 2022

BYD said on Wednesday that it will raise the price of most of its electric vehicle lineups by between RMB 2,000 and RMB 6,000 ($280 to $840), as the Chinese government phasing out green energy vehicle purchase subsidies beginning next year. The automaker added that those who place their non-refundable deposit before Jan. 1, 2023 will not be affected. It also attributed the price increase to the growing costs of battery raw materials. The company has faced less growth pressure than competitors ...read more

Small Chinese NFT platforms are closing amid industry winter

Nov 25, 2022

More than 20 small NFT platforms in China are shutting down. Credit: Designed by TechNode/Ward Zhou More than 20 small- and medium-sized digital collectible platforms in China are shutting down as funds and interest dry up in the industry, Chinese media outlet Caijing reported on Wednesday. Due to the country’s strict rules regarding cryptocurrencies, Chinese platforms refer to NFTs as digital collectibles.  “The nature of NFT platforms determines that its profit model depends on ...read more