Huawei offloads Honor mobile phone business
A number of companies have issued a joint statement that Shenzhen Zhixin New Information Technology has signed an acquisition agreement with Huawei Investment Holdings to complete the comprehensive acquisition of the business assets related to Huawei’s Honor mobile phone business.
After the sale, Huawei no longer holds any shares in the new Honor company. Shenzhen Zhixin New Information Technology is jointly invested and established by Shenzhen Smart City Technology Development Group and more than 30 glory agents and distributors.
Didi Chuxing officially releases customized ride-hailing vehicle D1
Didi Chuxing officially released the customized online hailing vehicle called D1. Cheng Wei, CEO of Didi Chuxing, said that D1 is the world’s first customized ride hailing car, and it took three years to build in cooperation with partner BYD.
Cheng Wei said that Didi plans to launch D3 in 2025, popularizing 1 million vehicles, and equipped them with automatic driving functions. In 2030, it hopes to remove the cockpit and plan to realize fully automatic driving on these vehicles.
Baidu acquires domestic video entertainment live streaming business YY Live
Huanju Group today announced the signing of a final agreement with Baidu. According to the agreement, Baidu will acquire Huanju’s domestic video entertainment live streaming business YY Live for approximately US$3.6 billion in cash (adjusted according to the agreement or consideration), including but not limited to YY mobile applications, YY.com website and YY PC.
The transaction settlement depends on the settlement conditions agreed in the agreement and is currently expected to be completed in the first half of 2021. The deal came after Baidu has made inroads into live and short videos this year, buying small players and setting up its own video channels.
400,000 pieces of personal information leaked by staff at Yuantong Express
In a case recently investigated by a special case team established by the Anti-fraud Center of the Handan Public Security Bureau and the Yongnian District Public Security Bureau of Handan City, criminals colluded with a number of "insiders" or "employees" inside Yuantong Express to steal personal information through paid rental of YTO’s employee system. The personal information is then resold to different criminals.
According to the police, the suspect involved in this case involved many provinces and cities across the country, including Hebei, Henan, and Shandong, and the transaction amount involved was more than RMB1.2 million yuan.
The leaked information includes six dimensions of the sender’s address, name, phone number, and recipient’s phone, name, and address. The information of the above six dimensions is used to form one piece of personal information. The amount of information leaked this time exceeds 400,000 pieces.
The Supreme Law issues guidelines to further strengthen judicial protection of copyright
The Supreme People’s Court issued an opinion on strengthening the protection of copyrights and copyright-related rights. The document proposes to attach great importance to the new needs of the development of technologies such as the Internet, artificial intelligence, and big data.
It calls to accurately define the types of works in accordance with the copyright law, grasp the identification standards of works, and properly review new types of sports events live broadcast, online game live broadcast, and data infringement according to the law and to promote the standardized development of emerging business formats.
Starbucks increases its investment in China by building Asia’s first large-scale baking factory in Kunshan
On November 16, Starbucks announced that its China Coffee Innovation Industrial Park in Kunshan, Jiangsu has officially broken ground. The industrial park covers a total area of approximately 80,000 square meters. It took 8 months from the signing of the investment to the groundbreaking.
The total project investment was nearly RMB1.1 billion yuan (US$156 million). The coffee roasting factory is one of the key projects of the industrial park. It is Starbucks’ first large roasting factory in Asia.
Before the start of the Kunshan Industrial Park, Starbucks had six coffee roasting plants worldwide, five of which were in the United States and one in the Netherlands.