Tech Industry

As one of the oldest Internet companies in China, search giant Baidu is expanding its streaming video ecosystem in battle against emerging star ByteDance. 

Chinese search giant Baidu reported third-quarter revenue of 28.2 billion yuan ($4.16 billion), up 8 percent from the previous quarter and 1 percent from the same period in 2019, topping analysts' expectations of 27.58 billion yuan.

JD.com shares were down 2% in pre-market trading.

Responding to media reports that it has secured the supply of some products to Huawei, a Qualcomm spokesperson told nbd.com.cn that "we have secured licenses (to Huawei) for some of our products, including some 4G products".

OPPO today said it will explore the boundary between the digital and real worlds by launching a concept-level app, OPPO CybeReal, at the OPPO INNO DAY 2020 on November 17.

At the 2020 Global Mobile Broadband Forum in Shanghai on November 12, Huawei proposed a 5G development goal called "1+N" and announced the 5G solutions that underpin this goal to build 5G minimalist networks.

Qualcomm has received a license to sell 4G chips to Huawei, Yicai.com quoted the upstream supply chain vendor as saying on November 13.

Samsung today unveiled its next-generation SoC, the Exynos 1080, at a press conference in Shanghai, featuring Samsung's latest 5nm EUV process, which offers a 25 percent smaller die area and 20 percent higher power efficiency than 7nm EUV.

The Beijing Subway Technology Innovation Institute was inaugurated today, and a number of new technologies will be used on the Beijing Subway, according to CCTV news.

China's emerging e-commerce platform Pinduoduo posted revenue of around RMB 14.21 billion in the third quarter, up 89 percent year-on-year. Driven by strong revenue, Pinduoduo achieved its first quarterly profit since its IPO, according to the company's earnings report released on November 12.