-
Chinese beauty app Meitu spends another $50 million on Bitcoin and Ether
Just 12 days after its initial purchase of tens of millions of dollars in Ether and Bitcoin, the Chinese beauty app Meitu has made another move.
-
SMIC plans to build new 28nm wafer fab in Shenzhen
New investment in the project is estimated at $2.35 billion. SMIC Shenzhen will be owned 55% by SMIC and no more than 23% by the Shenzhen government.
-
ZTE says it has shipped 200 million units of its embedded operating system
NewStart CGEL, which ships 20 million units per year, is already in mass use on the 350-km-per-hour Fuxing high-speed rail.
-
TikTok said to be considering group chat feature
The group chat feature is part of TikTok owner ByteDance's blueprint to develop TikTok as a "social interaction app".
-
Xiaomi expected to overtake Huawei as world's 3rd largest smartphone maker this year
Chinese phone maker Xiaomi is poised to overtake Huawei this year to become the world's third-largest smartphone vendor, Strategy Analytics said.
-
Pinduoduo Q4 revenue sharply exceeds expectations, founder Colin Huang resigns as chairman
Pinduoduo's shares expanded more than 6 percent in pre-market trading after the earnings report. But the shares quickly plummeted after Huang announced his resignation as chairman, turning down 3.6 percent.
-
ZTE's 2020 revenue exceeds $15 billion, R&D investment nearly $2.3 billion
Chinese communications firm ZTE reported total revenue of RMB 101.45 billion ($1.56 billion) in 2020, up 11.8% year-on-year.
-
Yinxiang, Chinese version of Evernote, closes hundreds of millions of RMB in Series B funding
In June 2018, Yinxiang became independent from Evernote, reorganized as a Sino-US joint venture independent operating entity, and received its first round of funding of hundreds of millions of RMB.
-
BOE says its flexible AMOLED production line yield rate is over 80%
BOE's 6th generation production line is a fully flexible line, corresponding to high-end flexible AMOLED products, the company said in an exchange with investors.
-
Luckin Coffee said to be bringing in PE investment
Luckin Coffee is in talks with private equity (PE) firms for a new round of investment, and from more than one investor, Chinese media outlet PEdaily reported Wednesday.