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.
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.
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.
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.
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.
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.
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.
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.
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 system, and quantum technology.
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.