Tech Industry
US revokes all investment restrictions on Xiaomi
As of press time, Xiaomi shares traded in Hong Kong were up about 1 percent to HK$28. The stock has fallen more than 20 percent so far this year.
China starts construction of test line for maglev trains with speeds of up to 1,000 km/h
The high-speed train can reach a speed of 300 meters per second, which is equivalent to the speed of a conventional bullet, just like "Let The Bullets Fly."
Tencent posts Q1 results that beat expectations
Tencent posted revenue of RMB 135.3 billion ($21 billion) in the first quarter, up 25 percent from a year earlier, beating analysts' estimates of RMB 133.75 billion.
Zuo Hui, founder of China's largest real estate platform KE Holdings, passes away
Zuo Hui, the founder and chairman of China's largest real estate platform KE Holdings (NYSE: BEKE), passed away on May 20, 2021 due to unexpected worsening of illness, the company announced Thursday.
Zhang Yiming steps down as CEO of ByteDance
Zhang decides to let go of the day-to-day management of the company and focus on long-term priorities, including visionary strategy, corporate culture, and social responsibility.
Crypto bloodbath: Bitcoin down over 30%, Ether down about 46%
As of press time, data from the Huobi platform shows Bitcoin falling below $30,000, down 32% from 24 hours ago and a new low since January.
Baidu Q1 results beat expectations, up about 4% premarket
Baidu's revenue for the first quarter reached RMB 28.13 billion ($4.29 billion), up 25% year-on-year, beating Wall Street's expectations of RMB 27.286 billion.
Alibaba's chip arm unveils new processor
PingTouGe Semiconductor, the chip division of Chinese e-commerce giant Alibaba, today announced a new processor in its Xuantie series - the Xuantie 907.
Huawei's HarmonyOS hardware ecosystem branding upgraded to HarmonyOS Connect
Huawei announced at the HarmonyOS Partner Summit on Tuesday that the HarmonyOS hardware ecosystem has been rebranded as HarmonyOS Connect.
Jack Ma's Hupan University renamed
A total of 11,788 candidates have applied for Hupan University in the past five years, but only 255 students have been admitted, an acceptance rate of 2.16%.