Industry

SMIC's FinFET process is in production and has a capacity of 15,000 wafers per month, Zhao Haijun, the chief co-executive officer of the leading Chinese contract chipmaker, said Friday.

Global foldable phone sales are expected to triple this year compared to 2020 and grow 10 times by 2023, according to a report published by market research firm Counterpoint on August 5.

Several industries in China have seen stock prices plummet recently as they have been slammed by the official media. A local newspaper, Shenzhen Economic Daily, published an article on Aug. 5 calling for caution against media interference in the stock market.

Alibaba has invested nearly RMB 3.4 billion ($530 million) in the fight against Covid-19 over the past year, donating a total of 200 million items in China and 150 other countries, the Chinese e-commerce giant said.

WeChat had 1.24 billion combined monthly active accounts in the first quarter, up 3.3 percent year-over-year and up 1.4 percent from the previous quarter, according to Tencent's earnings report for the first quarter.

Luckin Coffee's stock is still tradable on the OTC market despite its delisting, up nearly 70 percent so far this year.

Chinese e-commerce giant JD.com's Jiangsu Jingdong Cargo Airlines has passed the initial review by the Civil Aviation Administration of China (CAAC) East China Regional Authority, according to a CAAC announcement Tuesday.

Tencent has imposed further restrictions on minors' game spending, with its most popular game Honor of Kings releasing new rules on Wednesday that show users under the age of 12 are banned from topping up in the game.

Tencent's Platform and Content Group (PCG) is internally testing a Discord-like social app for gamers called NokNok, or "KK" as it is known internally.

Huawei plans to recruit 1,000 start-ups and build 100 scale-ups, the company said.