Phate Zhang

  • Luckin Coffee shares up as much as 19% after announcing 33% revenue growth for 2020

    Since its delisting on June 29 last year, the company has accumulated a 990 percent gain in the Pink Sheets market.

  • Xiaomi unveils concept smart glasses

    Xiaomi on Tuesday unveiled a new concept product -- the Xiaomi Smart Glasses Explorer Edition -- that looks little like regular glasses but delivers a smart experience.

  • Huawei says HarmonyOS 2 surpasses 100 million users

    As of September 12, Huawei's HarmonyOS 2 user base has exceeded 100 million, about three months after its launch, according to Richard Yu, Huawei's managing director and CEO of its consumer business.

  • Alibaba to invest RMB 100 billion to help common prosperity

    Alibaba has launched the "Ten Actions to Promote Common Prosperity" and will set up a special permanent institution for this purpose.

  • Honor opens global headquarters in Shenzhen

    Honor, which was spun off from Huawei late last year, said on Monday it opened its global headquarters in Shenzhen.

  • Meituan's Q2 revenue up 77% year-over-year to $6.77 billion

    Meituan's revenue rose 77 percent year-over-year to RMB 43.76 billion ($6.77 billion) in the second quarter, with a net loss of RMB 3.36 billion.

  • VR startup Pico confirms acquisition by ByteDance

    Chinese VR startup Pico has confirmed in an all-staff letter that it has been acquired by Beijing-based TikTok parent company ByteDance, jiemian.com reported Sunday.

  • China's IC exports expected to grow 18% this year

    China's IC imports rose 27.2 percent year-over-year to $233.33 billion from January to July 2021, up 42.1 percent year-over-year, according to China Customs.

  • ByteDance reportedly enters VR sector with RMB 5 billion acquisition

    ByteDance has not yet confirmed the news, and if true, the move appears to be similar to Facebook's acquisition of Oculus in 2014.

  • Vivo's first chip will be an imaging chip called V1

    Vivo's first chip will be a professional imaging chip called V1, which has already been mass-produced and will be installed in Vivo's new flagship X70 series.