Tech Industry
Vipshop fined $464k by China's market regulator for unfair competition
China's State Administration of Market Regulation announced Monday that it had fined online discount retailer Vipshop RMB 3 million ($464,570) for unfair competition.
Huawei's revenue grows 11.2% to $136.7 billion in 2020, report says
Huawei's total revenue in 2020 was $136.7 billion, up 11.2 percent, Yicai.com reported, adding that the Chinese technology giant's profit rose 10.4 percent to $9.9 billion last year.
Baidu Apollo accumulates 1.12 million kilometers of testing in Beijing
In 2020, Baidu operated a fleet of 55 autonomous vehicles on the roads of Beijing, accounting for 75% of the overall number of vehicles that conducted automated driving tests in the city.
Huawei discloses new smartwatch design patent, similar to its TalkBand B6
Huawei on January 29 disclosed a patent for a "watch" design similar to the Huawei TalkBand B6, according to data provider Qichacha.
Huawei's new patent extends life of lithium batteries
Huawei disclosed on February 5 a patent for the invention of "silicon-carbon composite material, its preparation method and lithium-ion battery," which it says can extend the service life of the battery.
SMIC says it will be cautious in expanding advanced process capacity in 2021
China's leading contract chipmaker SMIC says it will be cautious about expanding advanced process capacity in 2021, according to its CEO Zhao Haijun on the 2020 fourth-quarter conference call.
SMIC downplays impact of automotive chip shortage on it
As automotive chips do not account for a large percentage of SMIC's revenue, even an increase in demand will not affect SMIC's overall capacity, according to SMIC CEO Zhao Haijun.
Luckin Coffee files for Chapter 15 bankruptcy protection in New York
Luckin Coffee, previously mired in a financial fraud scandal, filed for Chapter 15 bankruptcy protection under the US Bankruptcy Code in New York, according to Bloomberg.
Xiaomi announces new concept phone with waterfall display on all four edges
Chinese smartphone maker Xiaomi unveiled a new concept phone with 88° quad-curved waterfall screen on February 5, with the surrounding bezel almost entirely replaced by the screen and no openings or buttons on the body.
Kuaishou soars 160% on HK debut, becomes China's fifth-largest listed Internet firm
Chinese short-video and live-streaming platform Kuaishou Technology (1024.HK) went public in Hong Kong on Feburary 5, opening at HK$338, up 193 percent from its offering price.