Tech Industry
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Tencent Q3 revenue beats estimates, WeChat reaches 1.21 billion monthly active users
Tencent generated revenue of RMB 125.45 billion in the third quarter, higher than market estimates of RMB 123.83 billion, the company reported today.
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XPeng Q3 revenue beats expectations, gross margin turns positive for first time
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.
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A major Chinese bank issues offshore bond that accepts payment with Bitcoin
China Construction Bank, one of the country's big four state-owned banks, has partnered with a digital exchange to raise up to $3 billion from a sale of bond that individuals and institutions can trade with US dollars or Bitcoin.
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Chinese chip maker Unisoc says phones with its 6nm 5G chip will be mass-produced next year
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.
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ByteDance's ad revenue in China expected to reach $27 billion this year
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.
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SMIC posts Q3 revenue of $1.08 billion, beating estimates
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.
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Coolpad ends patent infringement lawsuit against Xiaomi, says advancing the industry is a priority
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.
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Unisoc unveils 5G RF solution to bring more design space to thin phones
Unisoc, a Chinese fabless semiconductor company, today introduced its 5G RF front-end solution, a modular design that reduces channel loss by 15% over the industry average and reduces size by 20%, enabling more design space for thin and slim smartphones.
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DJI unveils T30 drone that can spray 240 acres of pesticides per hour
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.
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Behind BYD's soaring market cap to over RMB 500 billion
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.
