Tech Industry
Alipay starts testing support for e-CNY
Alipay connects more than 80 million merchants and over 2,000 financial institution partners, with over 1 billion users in China.
Xiaomi surpasses Apple to reach second place in Europe smartphone market share for first time
Xiaomi had its best-ever single quarter, up 62 percent year-on-year, with 49 million units shipped.
Luckin Coffee sued by US stock investors in Shanghai, first case of its kind
There is no precedent for an investor suing a US-listed company in China, making this case the first of its kind.
China's Q1 smartphone shipments up 27% year-on-year, first growth in four years
Vivo took the crown in China, with shipments of 21.6 million units, up 79 percent year on year.
China's space station core module launched into orbit
Tiangong, China's space station project, will be completed next year with the launch of two experimental modules, Wentian, the Experimental Module Ⅰ, and Mengtian, the Experimental Module Ⅱ.
Huawei unveils MindSpore 1.2 AI computing framework that supports large model training
It allows Huawei Watch GT's wrist lift recognition rate to be improved by 80%, with a latency of less than 5ms and a model of less than 1KB.
Alibaba, Tencent, Huawei in Time global top 100 most influential companies
Time magazine has selected the top 100 most influential companies in the world in 2021, and Chinese technology companies including Alibaba, Huawei, and Tencent are on the list.
Huawei's net profit rose 26.65% to $2.6 billion in Q1
Huawei's operating income for the quarter was 150.57 billion yuan, down about 17 percent from 180.61 billion yuan a year earlier.
Gaotu refutes 16 past shorting attacks with 2020 Deloitte audited annual report
The company's shares rose 15% on Monday.
Analysts expect Meituan to face fines from RMB 4 to 12 billion
Meituan faces a fine range of RMB 4 billion ($616 million) to RMB 12 billion, BOCOM International said in a report Tuesday.