Baidu Apollo accumulates 1.12 million kilometers of testing in Beijing
In 2020, Baidu operated a fleet of 55 autonomous vehicles on the roads of Beijing, accounting for 75% of the overall number of vehicles that conducted automated driving tests in the city.
More than $77 billion worth of goods traded through Douyin in 2020
More than RMB 500 billion yuan ($77.3 billion) worth of goods were traded through short-video platform Douyin, the Chinese version of TikTok, in 2020, a figure more than triple that of 2019, according to LatePost.
Realme launches 5G phone for only $185
Chinese cell phone maker Realme today announced the V11, a 5G phone with 5G dual SIM and dual-mode support for only RMB 1,199 ($185).
SMIC says it will be cautious in expanding advanced process capacity in 2021
China's leading contract chipmaker SMIC says it will be cautious about expanding advanced process capacity in 2021, according to its CEO Zhao Haijun on the 2020 fourth-quarter conference call.
SMIC downplays impact of automotive chip shortage on it
As automotive chips do not account for a large percentage of SMIC's revenue, even an increase in demand will not affect SMIC's overall capacity, according to SMIC CEO Zhao Haijun.
Midea Group says it will equip HarmonyOS on a large scale in its smart home business this year
Chinese electrical appliances company Midea Group said it will equip Huawei HarmonyOS in its smart home business on a large scale this year and carry out more cooperation with Huawei.
Kuaishou soars 160% on HK debut, becomes China's fifth-largest listed Internet firm
Chinese short-video and live-streaming platform Kuaishou Technology (1024.HK) went public in Hong Kong on Feburary 5, opening at HK$338, up 193 percent from its offering price.
Suzhou to launch second digital RMB gift money distribution worth RMB 30 million
Suzhou, a city in eastern China, will launch its second digital RMB gift money distribution of RMB 30 million yuan on February 5, each amounting to RMB 200, for a total of 150,000 gift money packages.
One Plus becomes only major brand to grow in US phone market in 2020
Chinese smartphone maker OnePlus became the only major brand to grow in the US cell phone market in 2020, with an annual increase of 163 percent, according to a Counterpoint report.
China starts commissioning maglev trains with speeds up to 600 km/h
Prior to this, the CR400 series of Chinese Standard EMU “Fuxing” has a maximum speed of 400km/h, with a sustained operating speed of 350km/h, making them the fastest commercially operated trainsets in the world.