Phate Zhang

To date, Tencent has invested in more than 800 companies, of which more than 70 have gone public and more than 160 are unicorns with a market capitalization or valuation of more than $1 billion.

In the second quarter of 2020, China's mobile phone market continues to transition from 4G to 5G, with 5G phone models accounting for more than half of the total, according to a report by the China Academy of Information and Communications Technology (CAICT), a government think tank.

Chinese automobile maker GAC Group said today it has achieved an energy density of 275 watt-hours per kilogram of square hard-shell cells using a new silicon anode material technology, enabling electric vehicles equipped with such batteries to have a range of more than 1,000 kilometers.

WeChat Pay, the financial payment service arm of Chinese tech giant Tencent, is now available in Turkey, according to Xinhuanet.com.

Shenzhen-based Powev Electronic Technology Co., Limited today announced the release of its Gloway Yi Series SSDs, powered by Yangtze Memory 3D NAND.

Some investors of TikTok’s parent company ByteDance seeking to take over the video app are valuing it at about $50 billion, 50 times its projected 2020 revenue of about $1 billion,  Reuters report Wednesday citing people familiar with the matter.

Xiaomi Group today announced that Zeng Xuezhong has been appointed as its Vice President and President of the Mobile Phone Division, responsible for the development and production of mobile phone products and reporting to Chairman and CEO Lei Jun.

After a month of in-orbit testing, BeiDou's last satellite passed all tests, according to CCTV.

Huawei is pushing the HMS ecosystem with the highest priority, and with the release of HMS Core 5.0, Huawei's battle state has temporarily ceased and employees are entering a new phase of work.

Baidu has recently been planning to split several of its businesses internally and possibly make them go public independently, according a report today by a WeChat account.