Phate Zhang

"This earnings announcement is an important milestone as it enables us to return to normalized financial reporting," said Luckin Coffee CEO.

The chip was taped out in July and will be used in Alibaba Cloud data centers.

The chip has 128 cores and is built on a 5nm process, making it the most advanced server chip in terms of process, surpassing similar products from Amazon and Huawei.

Departments including the China Securities Regulatory Commission are working to improve the rules in line with the requirement that all financial activities should be fully regulated.

Futu says it will continue to actively cooperate with regulators in its efforts and ongoing efforts to protect personal information.

According to an article in the online edition of the People's Daily, the issue of personal information of mainland citizens leaving the country may become a new test for Futu and Tiger Brokers.

Midea becomes the first company other than Huawei to build an IoT system based on OpenHarmony 2.0.

Honor has resumed cooperation with Google, and its new models in overseas markets will carry Google Mobile Services (GMS), promising to get its overseas business back on track.

Alibaba and Baidu have taken stakes in local chipmaker Phytium Technology, according to information from data provider Tianyancha.

The amount Meituan was fined was lower than analysts expected and also lower than the amount fined to e-commerce giant Alibaba.