Industry

Luckin Coffee, previously mired in a financial fraud scandal, filed for Chapter 15 bankruptcy protection under the US Bankruptcy Code in New York, according to Bloomberg.

Chinese smartphone maker Xiaomi unveiled a new concept phone with 88° quad-curved waterfall screen on February 5, with the surrounding bezel almost entirely replaced by the screen and no openings or buttons on the body.

Chinese electrical appliances company Midea Group said it will equip Huawei HarmonyOS in its smart home business on a large scale this year and carry out more cooperation with Huawei.

Chinese short-video and live-streaming platform Kuaishou Technology (1024.HK) went public in Hong Kong on Feburary 5, opening at HK$338, up 193 percent from its offering price.

Suzhou, a city in eastern China, will launch its second digital RMB gift money distribution of RMB 30 million yuan on February 5, each amounting to RMB 200, for a total of 150,000 gift money packages.

SMIC plans to expand its mature 12-inch line by 10,000 wafers and its mature 8-inch line by no less than 45,000 wafers this year, according to company Co-CEOs Zhao Haijun and Mong-Song Liang.

Net income attributable to SMIC shareholders for the quarter was RMB 1.252 billion, up 93.5 percent year-on-year.

Chinese smartphone makers Xiaomi and Vivo may launch phones with prices over RMB 10,000 ($1,550) this year, according to a well-known Weibo blogger.

Most of these 53 games are unheard cultivation games, some are html5 web games, and some are co-branded with mobile game versions.

Prior to this, the CR400 series of Chinese Standard EMU “Fuxing” has a maximum speed of 400km/h, with a sustained operating speed of 350km/h, making them the fastest commercially operated trainsets in the world.