China Tech Digest: Geely Obtains FAA Certificate For Flying Cars


Geely Technology Group Taili TF-1 obtained the world’s first FAA airworthiness certificate for flying cars

According to Geely Technology Group news, on January 15, US Eastern Time, Geely Technology Group’s Transition (TF-1), a subsidiary of Geely Technology Group, obtained the Federal Aviation Administration (FAA) airworthiness certificate.

This is the first time FAA has issued airworthiness certificates to modern flying cars. The certificate shows that the Transition (TF-1) product has a reasonable design and reliable safety performance.

Tencent is considering a possible game business acquisition plan through debt financing

According to TMT Finance reports, Tencent is considering raising billions of dollars through a loan transaction to acquire potential gaming businesses, and has already negotiated with banks for this loan. Tencent has not yet determined the gaming company it is targeting, but it is expected to be a US or South Korean company.

MSCI removes some Chinese company stocks, but says Chinese market will provide huge opportunities for global investors

For the future development of the Chinese market, MSCI is full of confidence, stating that China will provide huge opportunities for global investors. MSCI stated that after removing certain Chinese stocks from its indexes, it will conduct public consultation on the further inclusion of China A shares in the MSCI indexes.

These issues include the acquisition of risk hedging and derivative instruments, the shorter settlement cycle of China A shares, the trading holiday arrangements of Stock Connect, and the effective integrated trading mechanism.

Hangzhou takes the lead in launching "Pet Nose Print ID Card"

Hangzhou launched pet nose print ID cards recently, and introduced pet nose print recognition technology in the processing of dog certificates. Hangzhou citizens can apply for dog nose print information by uploading dog nose print information on Alipay.

Pet nose prints are similar to human fingerprints, with uniqueness and immutability. In July 2020, in order to solve the problem of pet identification in pet insurance, Ant Group developed pet nose print recognition technology.

Subsequently, the government tried to apply it to urban pet management, so that every pet has a unique electronic ID card. At present, the accuracy rate of pet nose print recognition technology has exceeded 99%.

AIWAYS seeks a new round of financing with a valuation of more than US$2 billion

According to Sina Finance, the Chinese-funded electric car start-up AIWAYS may seek to raise new funds before going to the US for an IPO, and the company’s valuation may exceed US$2 billion after this round of financing.

People familiar with the matter said that Didi Chuxing is one of the potential investors considering participating in this round of financing, and AIWAYS plans to use new capital to expand globally.

On January 21, AIWAYS announced that it had reached a strategic cooperation with its French partner Car East France and officially entered the French market. Prior to this, AIWAYS U5 has been sold in Corsica, Israel, Germany, the Netherlands, Belgium and other countries.

China has become the largest exporter of air purifiers

Shanghai Customs data shows that in 2020, there are nearly 5.53 million household air purifiers exported from Shanghai port alone, a year-on-year increase of 66.3%.

The staff of Gree, a home appliance brand, said that the export volume of Gree air purifiers in 2020 has more than doubled compared with 2019. Industry insiders believe that the main reason for the current surge in China’s air purifier exports is due to the two dual factors of the pandemic, the increase in demand for air purifiers by overseas consumers and the decline in overseas factory production capacity.

At present, China has become the world’s largest exporter of air purifiers, but from the consumer side, there is still a lot of market space for growth inside China.

China’s online education sales increased by more than 140% year-on-year in 2020

The latest data released by the Ministry of Commerce today shows that due to the pandemic, China’s online education sales will increase by more than 140% year-on-year in 2020.

A Huawei affiliated company publishes a patent for "Method and Electronic Device for Assisting Fitness"

The Tianyancha App showed that on the 22nd, Huawei Technologies Co., Ltd. published a patent for "Methods and Electronic Devices for Fitness Aid", the publication number is CN112259191A, and the application date is August 2019.

The patent abstract shows that this application provides a method of assisting fitness in the field of artificial intelligence. By determining the candidate movement whose limb movement trajectory meets the first preset condition, and according to the change range of the limb movement in the candidate movement, it is possible to accurately determine the user’s fitness movement.

It can improve the accuracy of the output guidance information and improve the user experience.

Domestically produced ARJ21 aircraft debuts at Chengdu Tianfu International Airport

Chengdu Airlines ARJ21 aircraft made its debut at Chengdu Tianfu International Airport today to participate in the verification test flight ceremony. As one of the first six airlines participating in the test flight, Chengdu Airlines ARJ21 aircraft will participate in the second phase of the Tianfu Airport verification test flight.

Regulatory actions on Ant Group will not affect the normal development of companies

Liang Tao, vice chairman of the China Banking and Insurance Regulatory Commission, said that the financial management department interviewed some Internet platform companies such as Ant Group.

The relevant measures are not aimed at private enterprises, nor are they aimed at a certain enterprise, and will not affect the normal business development of related enterprises.

The China Banking and Insurance Regulatory Commission encourages bank and insurance institutions to cooperate with Internet platform companies including the companies being interviewed in accordance with laws and regulations. The financial support policy remains unchanged and the intensity remains unchanged.

Annual national online retail sales reached 11.76 trillion yuan, a year-on-year increase of 10.9%

The Ministry of Commerce website and the National Bureau of Statistics data showed that in 2020, the national online retail sales reached 11.76 trillion yuan, an increase of 10.9% year-on-year, the online retail sales of physical goods reached 9.76 trillion yuan, an increase of 14.8% year-on-year.

Online retail has continued to increase its role in promoting consumption, stabilizing foreign trade, expanding employment, and safeguarding people’s livelihood.

 
China Expert network

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