Phate Zhang
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Subway cars made by Chinese firm begin passenger trials in US
CRRC Qingdao Sifang won a $1.3 billion contract to assemble 846 subway cars in Chicago in 2016.
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Bitcoin keeps bleeding, drops 6% to below $53,000
In the past week, bitcoin's price has fallen about 17% from $63,640.
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China adds 8,679 new chip-related firms in Q1, up 302% year-on-year
Among them, 4,047 were registered in March, up 226 percent year-on-year, according to information from data provider Qichacha.
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ByteDance reportedly launches music business unit to take one Tencent Music
Beijing-based TikTok owner ByteDance has set up a music business unit this year to take a slice of the music market dominated by giants like Tencent Music, according to an April 21 report by local media outlet Tech Planet.
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Alibaba Cloud market share overtakes Google to become No. 3 in the world
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.
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Baidu CTO says Kunlun 2 chip to be launched in second half of this year
Because of the uncertainty of the chip development process, the exact date cannot be determined yet.
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Meituan plans to raise nearly $10 billion through stock and convertible bond sale
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.
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Huawei reportedly to launch 3 lower-priced foldable phones
Huawei may adopt friendlier pricing, targeting the entry-level market, to spur demand and sales of foldable smartphones.
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China opens world's largest Internet test facility backbone network
With the help of FITI, the number of IPv6 addresses owned by China jumped to No. 1 in the world in early April, the report said.
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Douyin aims to reach 680 million daily active users this year
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.