Phate Zhang

Volkswagen AG is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan ($491 million), Reuters reported Wednesday citing people familiar with the matter.

On May 26, the Redmi 10X series was released, with a starting price of 1,599 yuan it became the least expensive 5G phone so far.

Tesla announced today that it will reduce the price of all models on sale in North America, and in the Chinese mainland, the Model S and Model X, which are imported models, will also reduce their base prices.

Alipay recently conducted a round of organizational restructuring, with search business becaming an independent division for the first time, according to Sina Tech. 

China's second-largest smartphone maker OPPObegan stepping up efforts to design its own mobile chips last year, when the U.S. started clamping down on flagship Chinese tech companies like Huawei, the Nikkei Asian Review reported Wednesday citing sources familiar with the matter.

A team led by Chinese scientists has identified two novel coronavirus-neutralizing antibodies with high specificity from survivors of novel coronavirus pneumonia disease, and demonstrated the therapeutic and preventive potential of one of the neutralizing antibodies in a rhesus monkey model.

BYD yesterday announced that its BYD Semiconductor Co., Ltd. successfully introduced strategic investors. Sequoia Capital, CIC Capital, Guotai Innovation Lead Investment, Himalaya Capital and other well-known domestic and foreign investment institutions participated in the subscription, and completed the Series A financing of 1.9 billion yuan. 

According to Techcrunch, Apple has fixed the "this app is no longer shared with you" bug in iOS last week.

Huawei is trying to convince TSMC and Samsung to build advanced process lines based on non-U.S. equipment, so that Huawei's self-developed chips can still be produced under the U.S. ban, according to Taiwan's Economic Daily.

Apple booked 75 million orders for the new iPhone OLED screen, of which Samsung took 55 million exclusively and LG Display took the remaining 20 million, according to Mydrivers.com.