Tech Industry
Kuaishou, which saw its shares drop about 80% from all-time high, responds in bizarre way
The post quotes seven songs whose titles are linked together to form the phrase "Friends, calmly face the irrational shocks. It doesn't matter if the tide rises or falls, tomorrow will be better."
Tencent launches new round of campus recruitment, offering over 7,000 positions
Tencent's 2022 fall campus recruitment launched on Friday, offering over 7,000 positions, an increase of more than 40 percent over last year.
China's Zhurong Mars rover travels over 800 meters
As of Aug. 6, 2021, the Zhurong rover has worked on the Martian surface for 82 Martian days and has traveled a cumulative distance of 808 meters, the Chinese Lunar Exploration Program (CLEP) said Friday.
Goldman Sachs adds Tencent to its Conviction Buy list, but lowers price target by 16%
Goldman Sachs has added Tencent to its Conviction Buy list in its latest research note but increased its valuation discount to 15 percent from 10 percent in light of the latter's exposure to regulatory uncertainty.
Honor's market share in China rebounded to 8.4% in June, Counterpoint says
Honor's market share in China has rebounded from 5.1 percent in January to 8.4 percent in June, according to a report released Friday by market research firm Counterpoint Research.
Huawei said to sell server business
The report said Huawei's x86 servers could not continue to be produced due to problems with the supply of chips from Intel. However, Huawei will retain the server business with its own chip Kunpeng, according to the report.
SMIC says its FinFET process is in production with 15,000 wafers per month
SMIC's FinFET process is in production and has a capacity of 15,000 wafers per month, Zhao Haijun, the chief co-executive officer of the leading Chinese contract chipmaker, said Friday.
Global foldable phone market expected to grow 10 times by 2023, report says
Global foldable phone sales are expected to triple this year compared to 2020 and grow 10 times by 2023, according to a report published by market research firm Counterpoint on August 5.
Local Chinese paper calls for caution against media interference in stock market
Several industries in China have seen stock prices plummet recently as they have been slammed by the official media. A local newspaper, Shenzhen Economic Daily, published an article on Aug. 5 calling for caution against media interference in the stock market.
Alibaba says it spent nearly $530 million in past year to fight Covid-19
Alibaba has invested nearly RMB 3.4 billion ($530 million) in the fight against Covid-19 over the past year, donating a total of 200 million items in China and 150 other countries, the Chinese e-commerce giant said.