Monday Tech Briefing: Tesla Charges Into China
The 84-hectare Tesla factory complex going up in the outskirts of Shanghai signals a shockwave that’s about to hit the world’s largest auto market.
The American electric-car maker is expected to bring a new level of competition to China’s chaotic, crowded and heavily subsidized new-energy vehicle market. Policymakers have long hoped domestic competition from Tesla will bring order to the industry and are doing all they can to advance the project.
At the same time, after a series of setbacks at home, Tesla is counting on the China project to reinvigorate its prospects. (Caixin)
JD Finance is working with the authorities to conduct an investigation into its app’s data security measures, the company told Caixin on Monday.
JD Finance apologized in a public statement on Sunday in response to users' complaints that the service’s Android App auto-saved private information on folders in their mobile phones without asking for consent.
The company also said it would invite an investigation by third-party institutions. (Caixin)
Chinese ride-hailing giant Didi Chuxing has begun recruiting personnel in Chile, Peru and Colombia, according to Reuters.
Didi is rapidly expanding into Latin America to compete with Uber, with the two firms already rivals in Mexico and Brazil.
The push comes as Didi lays off staff in China amid increased regulatory scrutiny and reportedly severe losses after the murder of two of its customers last year. (Reuters)
Lunar New Year box-office hit "The Wandering Earth" became China’s second-biggest film of all time as of Sunday, when it earned 3.65 billion yuan ($5.4 billion), according to online ticketing platform Maoyan.
The 2017 action movie “Wolf Warrior 2” is still in first place for total earnings, with its record 5.68 billion yuan.
“The Wandering Earth,” an adaptation of a novella by famous sci-fi author Liu Cixin, takes place in a distant future when the sun is about to devour the earth, and humankind must work together to move the earth to a new solar system. (Caixin)
Shenzhen-based facial recognition company SenseNets Technology Ltd. remains silent after a Dutch security researcher revealed Wednesday that millions of people’s personal information on the company’s database had been publicly available for months. The company declined to comment when a Caixin reporter visited its headquarters late Friday.
SenseNets is among a number of Chinese companies that have faced data leaks in recent years, including e-commerce giant JD.com, online travel service leader Ctrip as well as major telecom service providers. (Caixin)
Compiled by Qian Tong and Hou Qijiang
Contact editor Teng Jing Xuan (email@example.com)
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