Industry

The 3GPP (the 3rd Generation Partnership Project), the international organization responsible for setting standards for communications from 3G onwards, announced yesterday that the R16 standard has been frozen, marking the first evolutionary version of the standard is complete.

At 11.10 a.m. on July 3, China's Long March 4B launch vehicle successfully carried out a launch mission at the Taiyuan Satellite Launch Center, putting the high-resolution multimode integrated imaging satellite Xibaipo into a predetermined orbit.

Tencent today announced the start of services at its largest data center cluster in Qingyuan, Guangdong province, which has the capacity to house more than one million servers.

Chinese EV maker Li Auto will go public in the U.S. as early as July, with underwriters including Morgan Stanley and UBS, 36Kr said, citing sources with knowledge of the matter.

A Chinese company has developed the first China-made ultra-small 5G communication module, which can be widely used in smart industry, smart energy, industrial robots, drones and other fields.

This week, Huawei introduced Uber's competitor Bolt to AppGallery. Bolt, an Estonian-based online car-hailing company, has been a major player in the European market ( (including London) and is quickly gaining a huge following of loyal users.

Duan Yongping, the founder and chairman of Dongguan-based BBK Electronics which is behind smartphone brands Oppo, Vivo, OnePlus and Realme, recently talked about the origins of the OPPO and Vivo brands during an interaction with users on the Internet.

Tesla today lowered the starting price of the Model S and Model X in China both by 8,000 yuan (USD 1,132).

Tesla extended its pre-market gains to 9 percent in the U.S., reaching a total market cap of $228 billion.

The increasing pressure on Huawei gives NEC and its new partner NTT a "final chance" to compete in the global competition for 5G equipment supply, NEC CEO Takashi Niino said in an interview with the Financial Times.