Tech Industry
Meituan opens 1.64% lower after anti-monopoly probe
China's State Administration for Market Regulation announced on Monday that it had opened an investigation into Meituan's alleged monopolistic practices such as "forced exclusivity".
Meituan under antitrust probe
Chinese market regulator has opened a case against China's online service super-app Meituan for alleged monopolistic practices including "forced exclusivity".
TSMC said to spend $2.9 billion to expand production in Nanjing to alleviate global chip shortage
Unlike cell phones, game consoles, and other consumer electronics products, the automotive requirements for the chip process are not very high, and 28nm chips are enough.
Chinese e-commerce giant JD.com pilots payroll using e-CNY
Employees can deposit their e-CNY paychecks to their personal bank cards, or use them at e-CNY offline scenes, as well as when purchasing goods from JD.com.
China developing heavy-lift launch vehicle to pave way for lunar base
The country is developing a heavy-lift launch vehicle with a 10-meter diameter and a lunar orbital capacity of no less than 50 tons, the company's designer, Mou Yu, said at the China Space Conference 2021.
Hong Kong-listed firm's share price doubles after Tencent takes stake
Feiyu was up 118% at one point in early trading and has now pared its gains to about 63%.
Ant-backed bike-sharing firm Hello Inc files prospectus for Nasdaq listing
Hello Inc, a bike-sharing company backed by Chinese payments giant Ant Group, has filed a prospectus on April 24 for a planned listing on Nasdaq.
ByteDance says in rare clarification it has no current plans to go public
TikTok owner ByteDance has finally responded officially after rumors continued to circulate about its plans to go public.
Baidu creates China's first AI-powered diving training system
As one of China's strongest artificial intelligence (AI) technology giants, Baidu's technology is not only driving driverless vehicles but is now also being used in the field of sports - diving training.
SMIC plans to sell its entire equity interest in subsidiary for $397 million
SMIC plans to sell its entire equity interest in its controlling subsidiary SJ Semiconductor Corporation for about $397 million, recording an unaudited gain of about $231 million, the leading contract chip maker in China said Thursday.