Tech

Chinese EV maker XPeng posted revenue of RMB 1.99 billion in the third quarter, higher than market expectations of RMB 1.9 billion, the company said today in financial results for the third quarter ended September 30, and expects fourth-quarter revenue of about RMB 2.2 billion.

Mobile phones with Unisoc's 6nm 5G chip Tiger T7520 will be mass-produced next year, Zhou Chen, vice-president of the Chinese fabless semiconductor company, said in an interview with several Chinese media outlets today.

TikTok-owner ByteDance is expected to generate at least 180 billion yuan ($27.2 billion) in advertising revenue in China this year, which would cement the company's No. 2 position in the country's digital advertising market, Reuters reported on Wednesday.

SMIC's recorded third-quarter revenue of $1.08 billion, topping analysts' estimates of $994.8 million, according to the company statement today on the Hong Kong Stock Exchange.

Chinese technology firm Coolpad announced today that it is voluntarily terminating its patent infringement lawsuit against Xiaomi. In early 2018, Coolpad initiated a series of patent infringement lawsuits against Xiaomi, some of which are still pending in court as of today.

Chinese drone maker DJI today launched the new T30 drone for the agricultural field, it can spray pesticides, but also can be used to sow seeds and spread fertilizer.

BYD shares traded in China's A-shares rose 3.04 percent to close at RMB 190.44 on Nov. 6, bringing its market capitalization to RMB 519.5 billion. Since the beginning of the year, BYD's share price has risen as much as 295 percent.

China's manned space program is now pushing ahead with the construction of the space station, striving to complete the on-orbit construction plan around 2022 and prepare for the long-term stable operation of the station, according to CCTV.

Chinese self-driving startup Pony.ai announced on November 6 that it has raised a total of $267 million in Series C funding. With this round of funding, Pony.ai has raised more than $1 billion in total funding and is valued at more than $5.3 billion, making it the most highly valued company in China's automated driving space.

The Ceres-1 launch vehicle, developed by China's private space company Galactic Energy, was successfully launched at 15:12 on November 7 at the Jiuquan Satellite Launch Center, sending a data acquisition satellite into a predetermined orbit.