Tech
Meituan fined $533 million for forced exclusivity
The amount Meituan was fined was lower than analysts expected and also lower than the amount fined to e-commerce giant Alibaba.
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Alibaba to invest RMB 100 billion to help common prosperity
Alibaba has launched the "Ten Actions to Promote Common Prosperity" and will set up a special permanent institution for this purpose.
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Honor opens global headquarters in Shenzhen
Honor, which was spun off from Huawei late last year, said on Monday it opened its global headquarters in Shenzhen.
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Meituan's Q2 revenue up 77% year-over-year to $6.77 billion
Meituan's revenue rose 77 percent year-over-year to RMB 43.76 billion ($6.77 billion) in the second quarter, with a net loss of RMB 3.36 billion.
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VR startup Pico confirms acquisition by ByteDance
Chinese VR startup Pico has confirmed in an all-staff letter that it has been acquired by Beijing-based TikTok parent company ByteDance, jiemian.com reported Sunday.
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China's IC exports expected to grow 18% this year
China's IC imports rose 27.2 percent year-over-year to $233.33 billion from January to July 2021, up 42.1 percent year-over-year, according to China Customs.
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ByteDance reportedly enters VR sector with RMB 5 billion acquisition
ByteDance has not yet confirmed the news, and if true, the move appears to be similar to Facebook's acquisition of Oculus in 2014.
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Vivo's first chip will be an imaging chip called V1
Vivo's first chip will be a professional imaging chip called V1, which has already been mass-produced and will be installed in Vivo's new flagship X70 series.
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Tianjin encourages research on IC technology for post-Moore era
Tianjin will support the R&D and application of technologies including integrated chip for perception and computing, 5G RF front-end module, blockchain technology and support syste
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Huawei R&D spending surges to 9 times 2010 level
Huawei's R&D spending reached RMB 141.8 billion ($21.89 billion) in fiscal 2020, about 9 times that of fiscal 2010.
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