Phate Zhang

  • Tencent says sales of Chinese version of Switch exceed 1 million units

    The Chinese version of the Switch was launched in December 2019 and currently ranks first in the Chinese game console market in terms of market share.

  • Huawei plans to spend $220 million to support developers this year

    Huawei will invest $220 million to support developers in its ecosystem this year with the aim of bringing the number to 3 million.

  • Chinese audio platform LIZHI announces in-car audio partnership with EV maker Enovate

    In December, LIZHI announced that XPeng Motors introduced its audio products in the latter's in-vehicle systems, leading to a 100% jump in its share price.

  • Why did China concept stocks plunge on Wednesday?

    China concept stocks in the US stock market were widely sold off on March 24, with most stocks down more than 10%. Investors wondered what was going on.

  • Hello Inc said to start selling electric scooters next month to take on Niu Technologies

    Chinese bike-sharing giant Hello Inc will start selling electric scooters in April to rival brands such as Niu Technologies, Yadea, according to chinastarmarket.cn.

  • Didi said to be considering US IPO at valuation of at least $100 billion

    Didi sees an advantage of a New York IPO in that the pace of the listing is more predictable and the market is better capitalized in the second quarter.

  • WeChat reaches 1.225 billion monthly active accounts

    The number of monthly active accounts for WeChat, Tencent's messaging app, reached 1.225 billion as of Dec. 31, 2020, up 5.2 percent year-over-year.

  • Tencent's Q4 revenue up 26% year-on-year to RMB 133.67 billion, in line with expectations

    Chinese tech giant Tencent's fourth-quarter revenue rose 26 percent year-on-year to RMB 133.67 billion ($20.5 billion), in line with market expectations.

  • Xiaomi smartphones said to enter South Korea, Samsung's home turf

    Xiaomi will launch new mid-range smartphones in South Korea to compete with local brand Samsung, according to Yonhap News Agency.

  • Chew Shou Zi, president of Xiaomi's international division, resigns and will join ByteDance as CFO

    Joining ByteDance will allow him to re-base in his hometown of Singapore after 18 years away from home, Chew said.