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Geely's plant capable of producing over 500 satellites per year approved for production
This is the first commercial satellite production base in China led by a private company that combines aerospace manufacturing and automotive manufacturing capabilities.
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Baidu's 7nm AI chip Kunlun 2 to be mass-produced soon
Announced in 2018, "Baidu Kunlun" is China's first cloud-based full-featured AI chip developed by Baidu.
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ByteDance CEO says Douyin Search's monthly active users surpass 550 million
Beijing-based ByteDance CEO Zhang Nan said Thursday that Douyin Search's monthly active users exceeded 550 million, the first time ByteDance announced the number of active users on the short-video app's search business.
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Luckin Coffee says internal investigation found no evidence of misconduct by chairman
On January 7, seven Luckin Coffee vice presidents, all branch general managers, and core business executives signed a joint letter requesting the removal of Guo as Luckin Coffee's chairman and CEO.
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Baidu Q4 revenue up 5% YoY to $4.69 billion, beating expectations
Baidu shares rose 3.1 percent to $318.3 in after-hours trading on Thursday. The stock fell 5.37 percent to $308.68 on Thursday.
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Reports that ByteDance will sell its TikTok India business to Glance are fake news, state media says
According to Chinanews.com, ByteDance said it would not comment on the rumors. However, a source close to the matter said the news is not true.
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ByteDance reportedly exploring sale of TikTok's India business to local rival Glance
Glance's parent company InMobi owns the short video app Roposo, which became hugely popular after TikTok was banned in India in July last year.
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Steam China launches promotion for Chinese Lunar New Year
It will last from February 12 to February 16 at 2 a.m. Beijing Time, during which a large number of games will be reduced to their lowest prices ever.
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Huawei's semiconductor spending drops 23.5% in 2020
Chinese tech giant Huawei saw a 23.5 percent drop in semiconductor spending in 2020 compared to 2019, according to data released Tuesday by market research firm Gartner on the world's top 10 chip buyers.
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Chinese smartphone maker OPPO establishes university named after it
The OPPO University, which is open to both internal employees and eco-partners, aims to develop a talent pool to fuel OPPO's globalization strategy, it said.