China Tech Digest: XPeng Motors Establishes Autonomous Driving Subsidiary; "East Data Computing In West" Project Officially Launched

XPeng Motors establishes autonomous driving subsidiary

Chinese electric vehicle maker XPeng Motors recently established Pengxu Autonomous Driving Technology Co., Ltd., which is 100% controlled, to provide IoT technology development, intelligent vehicle equipment, AI application software development, Internet data and other services. In November last year, XPeng Motors’ CEO He Xiaopeng said that the company would start exploring robotaxi business in Guangzhou in the second half of 2022.

"East Data Computing in West" Project officially launched

China’s "East Data Computing in West" project has been officially launched. Chinese central government has approved projects to build eight national computing hubs and approved plans on 10 national-data center clusters, indicating the completion of the overall layout for the national integrated big-data center system. The projects were approved by the National Development and Reform Commission and three other central departments, indicating a strategy is in full swing to channel more computing resources from the eastern areas to the less developed western regions.

"Like with the South-to-North Water Diversion Project and the west-east power transmission program, we should give full play to the advantage of the country’s system and mechanism to make integrated arrangements at the national level," NDRC official Sun Wei said.

Curling robot makes debut at Winter Olympics

A curling robot with six legs completed its world’s first curling demonstration at the Beijing National Aquatics center amid the Beijing 2022 Winter Olympic Games. It is the world’s first six-legged curling robot that imitates the behavior of human pedaling, sliding, and rotating. The robot is supported by the Ministry of Science and Technology of the People’s Republic of China, and developed by a team from Shanghai Jiao Tong University.

Rockchip releases next-generation machine vision solutions

Rockchip, a leading Chinese fabless semiconductor company and mobile Internet System-on-Chip company, recently released next-generation machine vision solutions RV1106 and RV1103. The performance of the two chips has been significantly upgraded in NPU, ISP, video encoding, audio processing, etc., and has the characteristics of high integration, high cost performance and low standby power consumption. RV1106 and RV1103 are inclusive solutions, designed to help more industry partners to efficiently develop machine vision products.

China Mobile puts forward Metaverse Industry Self-discipline Convention

The Metaverse Industry Committee of China Mobile Communications Federation has put forward the "Metaverse Industry Self-discipline Convention" to resist capital speculation, guide reasonable expectations, and stay away from illegal models.

The convention proposes that the Metaverse is the next-generation Internet and an integration of cutting-edge digital technologies and human intelligence. Since 2021, China’s metaverse era has accelerated, leading the transformation and upgrading of the digital economy. But at the same time, some chaos occurred, which had a serious negative impact on the development of the Metaverse. In order to ensure the healthy development of Chinese metaverse industry, an industry self-discipline convention was proposed.

(China Money Network’s articles are curated and translated from credible Chinese media organizations with established brands, experienced editorial teams, and trustworthy journalism practices. However, we are not responsible for the accuracy of the information. For any questions, please reach out to our editorial department.)

Caishen.Co - Primary Data for China Secondary Investment and Stock Markets
Introducing Finley, the fintech newsbot from China Money Network! Using state-of-the-art machine learning technologies, Finley scours the globe for immediately usable data about the latest private equity deals, venture capital funding rounds, and business expansions happening in China. Finley asks: Who's buying whom? What company just raised new capital? What is the relationship among the parties? Then Finley uses his very real artificial intelligence to decipher that unstructured data to write news articles for you to read. So from unstructured data to a news story you can understand, China Money Network's Finley is your fintech newsbot business partner!