Tech Industry
China has built 819,000 5G base stations, accounting for 70% world's total
China has 280 million 5G cell phone end-user connections, accounting for more than 80 percent of the world's share, the MIIT said.
Era of rapid growth in China's smartphone market is gone
After a brief period of growth earlier in the year, China's smartphone market is back in recession.
China's low-end industries speeding up to move overseas as labor costs rise
As labor costs rise in China, more and more labor-intensive companies are moving their factories to other countries.
China's official securities media calls for tighter regulation of cryptocurrency trading
Commentary published in China's official securities media is often highly regarded as it may signal the direction of regulatory winds. Now, the latest commentary calls for tighter regulation of cryptocurrency trading.
Alibaba posts net loss of $1.17 billion in Q1, first since IPO
Alibaba posted an operating loss of 7.663 billion yuan ($1.170 billion) in its fiscal fourth quarter ended March 31 this year, the e-commerce giant's first quarterly loss since going public, mainly affected by fines from an antitrust investigation.
Tencent's TiMi Studio Group, Xbox Game Studios sign deal to jointly create game content
TiMi was founded in 2014, and Honor of Kings is one of its most successful titles.
Xiaomi settles lawsuit with US Department of Defense, to be moved off blacklist
Xiaomi's shares traded in Hong Kong surged Wednesday, rising 6.1 percent to HK$26.1 by the close of trading.
Pinduoduo founder Colin Huang becomes China's top donor
Huang previously joined the Pinduoduo founding team in donating 2.37% of his shares to establish the Prosperity Charity Foundation to promote social responsibility and scientific research.
Gigabyte sparks controversy by mocking 'Made in China' as low quality
On JD.com the product is no longer searchable in both Chinese and English using "Gigabyte".
Chinese social platform Soul files to list on NASDAQ
Soul's revenue in 2020 was RMB 498 million ($78 million), up 604.3% year-on-year, the company's prospectus showed.