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Tencent gives some employees 100 shares of stock as year-end bonus
They worth around HK$74,000, or about USD $9,450.
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Tablet shipments in China up 5.6% YoY to 6.14 million units in Q4, says IDC
The Chinese tablet market shipped approximately 6.14 million units in the fourth quarter of 2020, up 5.6 percent year-on-year, according to IDC.
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Vipshop fined $464k by China's market regulator for unfair competition
China's State Administration of Market Regulation announced Monday that it had fined online discount retailer Vipshop RMB 3 million ($464,570) for unfair competition.
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Huawei's revenue grows 11.2% to $136.7 billion in 2020, report says
Huawei's total revenue in 2020 was $136.7 billion, up 11.2 percent, Yicai.com reported, adding that the Chinese technology giant's profit rose 10.4 percent to $9.9 billion last year.
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Baidu Apollo accumulates 1.12 million kilometers of testing in Beijing
In 2020, Baidu operated a fleet of 55 autonomous vehicles on the roads of Beijing, accounting for 75% of the overall number of vehicles that conducted automated driving tests in the city.
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More than $77 billion worth of goods traded through Douyin in 2020
More than RMB 500 billion yuan ($77.3 billion) worth of goods were traded through short-video platform Douyin, the Chinese version of TikTok, in 2020, a figure more than triple that of 2019, according to LatePost.
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Huawei discloses new smartwatch design patent, similar to its TalkBand B6
Huawei on January 29 disclosed a patent for a "watch" design similar to the Huawei TalkBand B6, according to data provider Qichacha.
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Huawei's new patent extends life of lithium batteries
Huawei disclosed on February 5 a patent for the invention of "silicon-carbon composite material, its preparation method and lithium-ion battery," which it says can extend the service life of the battery.
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SMIC says it will be cautious in expanding advanced process capacity in 2021
China's leading contract chipmaker SMIC says it will be cautious about expanding advanced process capacity in 2021, according to its CEO Zhao Haijun on the 2020 fourth-quarter conference call.
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SMIC downplays impact of automotive chip shortage on it
As automotive chips do not account for a large percentage of SMIC's revenue, even an increase in demand will not affect SMIC's overall capacity, according to SMIC CEO Zhao Haijun.