Luckin Coffee stock jumps over 40% as it signs restructuring deal with major debt holders
Luckin Coffee is actively using multiple sources to raise capital, "and is currently in a 30-day internal discussion with credible investors to raise at least $250 million through a private placement," it said.
Huawei to start charging 5G royalty rates this year
Huawei will offer a reasonable percentage rate applied to the phone's selling price, the company said, without disclosing the exact percentage.
Tencent Cloud unveils new generation of servers with AMD's Milan processors
Fresh on the heels of AMD's release of its Milan server CPUs, Chinese cloud computing giant Tencent Cloud has unveiled a new generation of servers powered by the latest processors, saying it brings a multi-fold performance boost.
Hong Kong, mainland cooperate in testing digital RMB
The Hong Kong Monetary Authority is working with the Digital Currency Research Institute of the People's Bank of China to test cross-border payment technologies using digital RMB and make the appropriate technical preparations, said Chief Executive of HKMA Eddie Yue.
Xiaomi's new patent can determine whether there are peeping toms via sensors
Xiaomi recently disclosed a new patent that protects user privacy by using sensors to determine whether there are prying eyes, according to data provider Qichacha.
Honor may release Snapdragon 888-powered phone in July, its first flagship phone since spinning off from Huawei
Chinese phone maker Honor may release phones powered by Qualcomm's latest flagship chip, the Snapdragon 888, in July, in what would be its first flagship phone since spinning off from Huawei.
Huawei continues to lead China's wearables market with 22.3% share in Q4
Chinese tech giant Huawei continued to lead the Chinese wearables market with a 22.3 percent share in the fourth quarter, leaving behind Xiaomi and Apple.
WeChat for Mac update allows users to see their friends' status updates
WeChat has updated its latest version of WeChat for Mac on Friday, allowing users to see what their friends are posting from their mac computers.
Hello Inc said to go public in US in Q2, raising $2 billion
Chinese bike-sharing giant Hello Inc, formerly known as Hellobike, is set to go public in the US in the second quarter, raising $2 billion, according to jiemian.com, which cited people familiar with the matter.
Major crypto exchanges' Weibo accounts blocked, that's not a good sign
The Weibo accounts of Huobi, OKEx, and Binance have all been blocked on Thursday, which could signal that cryptocurrency investors may have to start worrying that something bad may be about to happen next.