Industry

The marks a major e-commerce collaboration between the two large Chinese tech giants.

China Mobile's investment in 5G totaled RMB 102.5 billion ($15.68 billion) in 2020, with 340,000 new 5G base stations built and a cumulative total of 390,000 5G base stations opened.

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

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.

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.

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 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.

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.

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.

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