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China's smartphone market posts 25% growth in Q2 from Q1
The smartphone market in China saw a 25% quarter-on-quarter growth to reach over 90 million sell-in units in the second quarter, despite the market contracting 7% compared to the same period last year, according to market research firm Canalys.
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Alipay, WeChat Pay facing possible antitrust probe in China, report says
China’s top antitrust agency is looking at whether to launch a probe into Alipay and WeChat Pay, Reuters reported on Friday citing sources with knowledge of the matter.
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TikTok owner ByteDance said to consider listing China business in HK or Shanghai
ByteDance, the owner of popular short video app TikTok, is considering listing its domestic business in Hong Kong or Shanghai, Reuters reported on Friday citing people familiar with the matter, who added the company prefers Hong Kong.
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Alibaba Cloud completes three new super data centers, will add over a million servers
Alibaba Cloud, the biggest cloud service provider in China by market share, today announced the opening of three super data centers in Nantong, Hangzhou and Ulanqab that will add over a million servers.
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Alibaba-backed EV maker Xpeng said to plan US IPO in August
Chinese EV maker Xpeng Motors, backed by Alibaba, plans a $700 million U.S. IPO in August, according to IFR, a Reuters media outlet.
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New data confirm Huawei's lead in Q2 global smartphone shipments
Huawei lands top spot in the second quarter smartphone market despite largest ever global market decline, IDC data showed.
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Li Auto surges 43% in Nasdaq debut, almost equals NIO in market cap
Chinese electric vehicle (EV) maker Li Auto closed at $16.46 on its first day of trading in the U.S., up 43 percent from its IPO price of $11.50.
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Another ultra-small 5G module launched in China
Chinese technology company SIMCom Wireless Solutions today introduced the SIM8202G-M2, an ultra-small 5G module that can be widely used in virtual reality and augmented reality, helping to create applications such as connected cars, industrial IoT, smart healthcare, and 4K/8K ultra-high-definition video.
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Chinese bike-sharing company Hello Chuxing announces 4G Cat.1 network in its bikes
Alibaba-backed bicycle-sharing company Hello Chuxing today announced the implementation of a 4G Cat.1 communications network for its two-wheeled ride-sharing service, powered by China Unicom, UNISOC and Fibocom Wireless.
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Meituan said to start price war in China to capture ride-hailing market share
China’s online-service super-app Meituan Dianping has been in frequent contact with some service providers recently and plans to increase taxi subsidies for users, Jiemian.com said, citing sources with knowledge of the matter.