Tech Industry
Didi reportedly to list in Hong Kong in Q2
Didi is targeting a valuation of more than $60 billion for its IPO, and will complete its listing on the Hong Kong Stock Exchange in the third quarter.
Tencent's R&D staff now accounts for 68% of its workforce
The secret to Tencent's success as one of the most profitable Chinese tech giants is a strong investment in R&D human resources.
Chinese drone maker EHang to build vertiport in Italy
Chinese drone maker EHang recently announced that it will build a vertiport in Italy, its first in the EU, to serve passenger-grade autonomous aerial vehicles (AAVs).
Huawei showcases 729 patents on its official website with patent wall
These patents are just a fraction of the 100,000 patents Huawei holds, including 5G, Wi-Fi, operating systems, photography, smart cars, future technologies, EVS, VVC, HEVC, optical technologies, and switching and routing.
Chinese beauty app Meitu spends another $50 million on Bitcoin and Ether
Just 12 days after its initial purchase of tens of millions of dollars in Ether and Bitcoin, the Chinese beauty app Meitu has made another move.
SMIC plans to build new 28nm wafer fab in Shenzhen
New investment in the project is estimated at $2.35 billion. SMIC Shenzhen will be owned 55% by SMIC and no more than 23% by the Shenzhen government.
ZTE says it has shipped 200 million units of its embedded operating system
NewStart CGEL, which ships 20 million units per year, is already in mass use on the 350-km-per-hour Fuxing high-speed rail.
Xiaomi expected to overtake Huawei as world's 3rd largest smartphone maker this year
Chinese phone maker Xiaomi is poised to overtake Huawei this year to become the world's third-largest smartphone vendor, Strategy Analytics said.
Pinduoduo Q4 revenue sharply exceeds expectations, founder Colin Huang resigns as chairman
Pinduoduo's shares expanded more than 6 percent in pre-market trading after the earnings report. But the shares quickly plummeted after Huang announced his resignation as chairman, turning down 3.6 percent.
ZTE's 2020 revenue exceeds $15 billion, R&D investment nearly $2.3 billion
Chinese communications firm ZTE reported total revenue of RMB 101.45 billion ($1.56 billion) in 2020, up 11.8% year-on-year.