Industry

Chinese search engine giant Baidu plans to complete a secondary listing in Hong Kong by the end of this year, Tencent Tech reported on Wednesday, adding that it will be another star tech company familiar to retail investors after Ant Group's IPO in early November.

Chinese ride-sharing giant Didi Chuxing said on Wednesday that it has permanently banned a female passenger who was drunk and sexually harassed a male driver while riding with Didi, which has been widely reported in recent days.

Xiaomi tweeted on Tuesday that it's committed to reducing the plastic used in its packaging by 60 percent starting in Europe, with the Xiaomi Mi 10T Lite expected to be the first to take that step.

Chinese EV maker NIO (NYSE: NIO) is planning to develop its own computing chip for self-driving, Chinese tech website 36kr.com said, citing industry sources, adding that the program is still in its early stages and is being driven primarily by NIO chairman and CEO William Li Bin.

As of September 30, 2020, China Mobile's total mobile customers stood at about 946 million, including 770 million for 4G and 114 million for 5G packages, according to the company's unaudited operating figures for the first three quarters released on the Hong Kong Stock Exchange on October 20.

NIO shorts have been covering in size during the recent continuation of its rally, with 14 million shares covered over the last month worth $394 million, according to data from S3 Partners.

Professor Ji Hengxing's research group at the University of Science and Technology of China (USTC), in collaboration with the University of California, Los Angeles (UCLA) and the Institute of Chemistry, Chinese Academy of Sciences (CAS), has made a major breakthrough in the research of new electrode materials for lithium-ion batteries.

Vivo's Global AI R&D Center will be settled in Hangzhou with a total investment of RMB 2.15 billion and a total floor area of 326,000 square meters, according to the local Yuhang Morning Post.

Swedish regulators announced on Tuesday the ban of Huawei and ZTE telecom equipment in its 5G network.

In response to the rumors spread among Chinese Internet users that Tesla's China-made Model 3 will drop in price to RMB 199,000, Tesla China general manager Allan Wang responded in a Tesla owners' chat group on October 20 saying, "It's a complete rumor," according to Tencent Tech.