Tech Industry
Xiaomi wins court ruling blocking ban on US investments in it
The judge argued that Xiaomi would likely reverse the ban altogether as the lawsuit unfolded, and issued a preliminary injunction to prevent Xiaomi from suffering "irreparable harm.
Huawei continues to lead China's wearables market with 22.3% share in Q4
Chinese tech giant Huawei continued to lead the Chinese wearables market with a 22.3 percent share in the fourth quarter, leaving behind Xiaomi and Apple.
Ant Group CEO Simon Hu to resign
Simon Hu, CEO of Ant Group, said in an internal email on March 12 that he will resign and will be in charge of Ant ecological social welfare-related projects in the future.
Hello Inc said to go public in US in Q2, raising $2 billion
Chinese bike-sharing giant Hello Inc, formerly known as Hellobike, is set to go public in the US in the second quarter, raising $2 billion, according to jiemian.com, which cited people familiar with the matter.
Tencent shares plunge over 4% amid reports it has become China's next target for increased regulation
Shares of Chinese social media and gaming giant Tencent Holdings plunged more than 4 percent in Hong Kong trading, amid reports by Bloomberg that the company has become the next target of China's increased regulation in the fintech sector.
JD.com Q4 revenue up 31% to $34.4 billion, beating expectations
JD.com's adjusted earnings per ADS for the fourth quarter were RMB 1.49, above Wall Street analyst estimates of RMB 1.24.
Major crypto exchanges' Weibo accounts blocked, that's not a good sign
The Weibo accounts of Huobi, OKEx, and Binance have all been blocked on Thursday, which could signal that cryptocurrency investors may have to start worrying that something bad may be about to happen next.
Chinese chipmaker Loongson's new 12nm chips coming soon
Chinese chipmaker Loongson recently said that Loongson 3A5000 and 3C5000 made with 12nm process will be launched soon.
NetEase Cloud Music reportedly plans to go public in Hong Kong
NetEase Cloud Music, a music app owned by Chinese tech giant NetEase Inc., plans to go public in Hong Kong and may formally file for an IPO next year, according to Jiemian.com.
Report that Apple cut all iPhone orders by 20% dismissed as false
"In fact, not only has demand not decreased, but sales of iPhone 12 and iPhone 12 pro have been better than expected."