Phate Zhang

  • Explainer: Meituan is Li Auto's second largest shareholder with 14.5% stake

    Five-year-old Chinese EV player Li Auto filed a prospectus with the SEC yesterday in preparation for its listing on the Nasdaq under the symbol "LI". Once Li Auto goes public, it will become the second Chinese smart electric car company to go public in the U.S. after Nio.

  • Jack Ma cuts Alibaba stake in big way, cashing out up to $6.1 billion

    Between its Hong Kong IPO on November 26 last year and July 2 this year, Alibaba founder Jack Ma's shareholding in the company was reduced by over 233.86 million shares, bringing his shareholding to less than 5% for the first time.

  • Huawei applies patents related with self-driving

    Huawei has recently applied to patent "a method and apparatus for autonomous driving" with a filing date of December 27, 2018. The application was made public on July 10, 2020, Tianyancha data showed.

  • Chinese consumer electronics firm Changhong launches laser TV with touch screen

    Changhong, home appliance manufacturers in China, said on Friday that its subsidiary Changhong Laser Display has launched the world's first laser TV with touch screen that can support multi-touch, intelligent identification.

  • Tencent spends HK$14.2 billion on share incentive

    Chinese social media and gaming giant Tencent Holdings announced on 10 July that it would issue 26.64 million new shares under its share award scheme to give more than 29,700 people incentive shares.

  • Shanghai opens first downtown area autonomous driving test zone

    Shanghai's first open test road for autonomous driving in the central city is unveiled, with a planned mileage of 30.6 km, involving 10 roads in the Jinqiao area.

  • PUBG Mobile has highest overseas revenue among apps from Chinese vendors in June

    PUBG Mobile, Rise of Kingdoms, Knives Out are the top three Chinese vendor apps with the highest overseas revenue in June, according to App Annie.

  • Xiaomi Band 4 becomes world's best-selling smart band, report shows

    The Xiaomi Band 4 is the world's most popular smart band between Q3 2019 and Q1 2020, according to market research firm Canalys.

  • China Telecom, State Grid, Huawei build China's largest 5G smart grid

    China Telecom today announced the delivery and commissioning of the first phase of the Qingdao 5G Smart Grid Project, jointly developed with State Grid and Huawei. It marks the completion of China's largest 5G smart grid.

  • US bank Wells Fargo asks employees to delete TikTok from work phones

    US bank Wells Fargo has asked employees to  delete social network TikTok from their work phones due to concerns about the security.