Tom Kang

From 2016 to 2020, Alibaba Cloud's share rose from 3.7% in 2016 to 9.5% in 2020, up for the fifth consecutive year; AWS's market share fell from 53.7% in 2016 to 40.8% in 2020.

Because of the uncertainty of the chip development process, the exact date cannot be determined yet.

After the move Meituan will have $18 billion in net cash, compared with $17 billion for Pinduoduo, $15.7 billion for JD.com and $51.6 billion for Alibaba, Nomura said.

Huawei may adopt friendlier pricing, targeting the entry-level market, to spur demand and sales of foldable smartphones.

Douyin generated more than RMB 31 billion in ad revenue in the first quarter, and news aggregator Toutiao generated more than RMB 9.1 billion in ad revenue in the first quarter.

Some users speculate that Huawei's move may be the result of a shortage of charging ICs.

In terms of orders, Xiaomi is very aggressive in sourcing a lot of flexible OLEDs from Samsung Display, meaning the company will hit the mid-to-high-end market in 2022, the report said.

Huawei on April 14 launched an open-source solution called Choice SDK that turns existing Google Mobile Services (GMS) apps into Huawei Mobile Services (HMS) apps.

Unisoc has previously announced that the Tiger T7520 will be available three months ahead of schedule, with the chip releasing in February 2020, using the 6nm EUV process for the first time.

Meituan, a Chinese shopping platform for locally found consumer products, has been ruled to pay local competitor Ele.me RMB 352,000 ($53,852) for unfair competition infringement.