Meta develops “Zuck Bucks” virtual currency for the metaverse
Meta is preparing to launch virtual tokens and cryptocurrencies for its apps, which can be used to tip creators, lend money and support other financial services.
Chinese patent applications in the European Patent Office hit a record high
According to the latest statistics released by the EPO on April 5, 16,665 patent applications from China were received in 2021, setting a new high in the number of Chinese patent applications at the EPO.
Elon Musk becomes Twitter’s largest shareholder
On April 4, Tesla Motor’s CEO Elon Musk disclosed a 9.2% stake in Twitter, worth nearly $3 billion (19 billion yuan), making him Twitter’s largest shareholder and triggering a rise of over 27% in the company’s shares.
Mi 6 voted the most popular Xiaomi phone by Chinese netizens
On April 4, Lei Jun, Xiaomi’s founder, asked netizens on Weibo which Xiaomi phone they preferred, ahead of the company’s 12th anniversary.
Huawei Harmony OS users exceeds 300 million
According to the most recent data, the Huawei Mobile Services (HMS) have been downloaded more than 432 billion times globally, and Huawei Harmony OS users have exceeded 300 million.
Auto maker BYD is the first auto company to halt production of all petrol vehicles
BYD Auto announced that in accordance with its strategic development needs, the company stopped manufacturing all fuel-powered cars in March 2022.
Pop icon Jay Chou’s NFT worth 3 million yuan reportedly stolen
Taiwanese pop star Jay Chou posted on social media that his Bored Ape NFT, BAYC #3738, had been stolen and is suspected of falling victim to a phishing attack.
NIO CEO responds to phone manufacturing rumours
NIO vehicle owners are interested in a mobile phone that can better connect with the car, prompting NIO to investigate this market.
Several Chinese companies facing delisting on the US stock exchange
SEC added Baidu, Futu Holdings, iQiyi, CASI(Beijing)Pharmaceuticals Technology Co., Ltd. and Nocera Inc. to a provisional list of companies that may be delisted from U.S. stock exchanges.
Lalamove is seeking new funding at a valuation of $10 billion
Lalamove will seek new financing at a $10 billion valuation and intends to raise around $500 million in fresh capital ahead of its IPO.
TikTok’s ad revenue hits a 300% growth rate
While TikTok’s ad revenue is growing at a 300% compound annual growth rate, ByteDance’s advertising revenue in China has stagnated, despite recent growth in TikTok’s e-commerce business.
WeChat payment is trialled on the Taobao App
Taobao has opened a small range of WeChat Pay functions for internal testing and has introduced two WeChat Pay payment methods to the payment options.