Phate Zhang
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China's central bank official says WeChat, Alipay and digital RMB don't compete
WeChat, Alipay and the central bank digital RMB are not in the same dimension and they do not compete, said Mu Changchun, director of the People's Bank of China's Digital Currency Institute, at the forum of the second Bund Financial Summit in Shanghai.
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GAC NIO close to securing Pro-A round of funding, report says
Chinese EV maker GAC NIO is undergoing due diligence for its Pro-A round of financing and is in close contact with a number of local governments, including those of Beijing, Zhejiang and Henan provinces, according to China Times.
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Huawei Mate40 Pro pricing in China could start at about $970
The Huawei Mate40 Pro will cost more than RMB 6,000, and could be set at RMB 6,299 or RMB 6,499 ($972), Tencent Tech said, citing supply chain sources.
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Developer launches app to install Google services on Huawei phones
Since Huawei is on the US entity list, there is no Google Play service installed on Huawei's latest smartphones, which makes it difficult for most overseas users to accept Huawei phones.
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BYD surpasses LG Chem's power battery installations in China in September
The total installed capacity of power batteries in China's EV market was 6.47 GWh in September, up 53.53% year-on-year. Among them, CATL remained in first place with 2.89 GWh of installed capacity, accounting for 44.7% of the domestic market share, according to statistics released by Realli Research.
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Bitauto, created by NIO founder, will be delisted from NYSE as shareholders approve deal
Bitauto (NYSE: BITA), the Chinese Internet car service provider founded by NIO (NYSE: NIO) founder William Li Bin, will be delisted from the New York Stock Exchange after its shareholders voted to approve a privatization proposal, the company announced Friday.
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Audi gets license for self-driving tests on Beijing public roads
Audi China was recently awarded the Beijing T3 class test license, which allows the company to conduct automated driving tests on Beijing's public roads.
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Chinese company uses Tesla as shared cars, renting them for RMB 1,200 per day
There are already Tesla clubs in Shanghai that operate vehicles as shared cars, including the Tesla Model 3, Model S, and Model X, which are being rented for 2 yuan per minute or 1,200 yuan per day, according to China Business News.
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Huawei and Apple are the only two vendors in China's high-end phone market, analyst says
In China's high-end smartphone market, there are only two suppliers - Apple and Huawei, Canalys analyst Mo Jia said recently.
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New perspective explains why China is strongly supporting Tesla, NIO
A user on Zhihu, a question-and-answer website like Quora, gives his view from a new angle as to why China is supporting new energy carmakers like Tesla and NIO.