Taobao responds by canceling Double 12
On November 24th, the Taobao Merchant Service Hall showed that this year's Double 12 event was cancelled and changed to the platform's large-scale event "Taobao Annual Good Price Festival". It is expected to start attracting investment by the end of November.
In response, Taobao stated that the Taobao Good Price Festival will officially start at 8pm on December 9th. Compared to the previous Double 12, the discount intensity, merchant scale, and product scale will be significantly increased. The year-end Good Price Festival held on Taobao is a continuation and enhancement of the Good Price Festival.
Xiaohongshu took the lead in completing the beta version development of Hongmeng's native application
On November 24th, at the "Hongmeng Native App Beta Version Development Completion Ceremony", Xiaohongshu officially announced that it became the first app among applications with over 200 million MAUs to complete the development of Hongmeng Native Beta Version. Data shows that as of the end of 2022, Xiaohongshu has over 260 million monthly active users.
Xiaomi releases the second batch of models for the Pengpai OS development version
On November 24th, the Xiaomi community announced that the second batch of models for the Xiaomi Pengpai OS development version is expected to be launched in December, including the Xiaomi 12 Pro, Xiaomi 12, Redmi K50 Ultimate Edition, and Redmi K50 Esports Edition. The TV adaptation models are expected to be gradually launched in December 2023, including Xiaomi TV S Pro 65 Mini LED, Xiaomi TV S Pro 75 Mini LED, and Xiaomi TV S Pro 85 Mini LED.
News reports that Nvidia has postponed the shipment date of AI chips such as H20
On November 24th, according to the Science and Technology Innovation Board Daily, industry insiders reported that Nvidia's latest improved versions of AI chips, such as H20, for the China region will start accepting reservations as early as January 2024. Previously, the series of chips was expected to be released on November 16th. According to an industry chain insider cited in the report, the latest chip shipment was originally scheduled for 2024, and currently, the delivery time for bulk production is expected to be delayed.
LG Electronics forms a new entity responsible for international business
On November 24th, LG Electronics announced the establishment of a new sales and marketing entity responsible for international business as part of a series of restructuring measures. The company stated that the newly established overseas sales and marketing company will manage sales subsidiaries in North America, Europe, the Middle East, Africa, Latin America, Asia and other regions, and be responsible for global marketing and direct sales to consumers. The new company will be led by Thomas Yoon, former President and CEO of LG Electronics North America, and will report to William Cho, CEO of LG Electronics.