Chinese video platform iQIYI reportedly to lay off 20-40% of its workforce
Shares of iQIYI traded in the US have plunged in the past few months, with a cumulative decline of about 60 percent since July.
Xiaomi's MIUI surpasses 500 million monthly active users worldwide
MIUI surpassed 100 million monthly active users worldwide on August 19, 2015, and surpassed 200 million on June 6, 2018.
Huawei posts sales revenue of about $71.3 billion in first 3 quarters
Huawei achieved sales revenue of RMB 455.8 billion ($71.3 billion) and a net profit margin of 10.2 percent in the first three quarters.
MSMEs call for stronger women empowerment on digital transformation
This finding further proves that digital transformation is helping to mitigate the negative effects of an unprecedented public health crisis and serving as an engine for sustainable economic growth inside APEC economies.
Luckin Coffee posts H1 net revenue of $492.9 million, up 106% year-on-year
"This earnings announcement is an important milestone as it enables us to return to normalized financial reporting," said Luckin Coffee CEO.
Alibaba unveils ARM server chip Yitian 710, boasting strongest performance in the industry
The chip was taped out in July and will be used in Alibaba Cloud data centers.
Alibaba reportedly to release Arm server chip
The chip has 128 cores and is built on a 5nm process, making it the most advanced server chip in terms of process, surpassing similar products from Amazon and Huawei.
Appliance giant Midea unveils OpenHarmony 2.0-based IoT system
Midea becomes the first company other than Huawei to build an IoT system based on OpenHarmony 2.0.
Honor resumes ties with Google, Honor 50 series to carry GMS
Honor has resumed cooperation with Google, and its new models in overseas markets will carry Google Mobile Services (GMS), promising to get its overseas business back on track.