Phate Zhang

Chinese chip maker Loongson Technology on Thursday unveiled its fully in-house developed instruction set architecture, Loongson Architecture, or LoongArch, marking a major milestone for the Chinese IC industry.

ByteDance has started the process of going public in Hong Kong and submitted an underwriter engagement letter to the Hong Kong Stock Exchange, the China Securities Journal reported Wednesday.

The certainty of a third-quarter IPO for Didi is high, but ultimately it will depend on the majority shareholder, the report said. Didi's top shareholder is currently SoftBank Group.

"This team can keep researching, developing, and preparing for the future," Huawei's rotating chairman Xu Zhijun said.

Ant Group will become a financial holding company and all institutions engaged in financial activities will be regulated according to such companies, China's central bank said Monday.

Huawei says it wants to start making 6G commercially available around 2030, in what may be the first time a Chinese tech giant has proposed a clear timeline for the commercialization of next-generation communications technology.

Shares of Alibaba closed 6.5 percent higher in Hong Kong to trade at HK$232 Monday as the anti-monopoly investigation it faces settled.

Since its inception in 2012, Ximalaya FM has completed nine rounds of funding, the most recent being Series E in August 2018, which was invested by Tencent and Primavera Capital.

Tencent Cloud said it will open a second data center in Indonesia within the next year to seize the opportunities presented by the fast-growing mobile Internet there.

The company currently provides grocery delivery services in 16 first- and second-tier cities in China, with delivery in as little as 30 minutes.