Tech Industry

The Shanghai Stock Exchange today announced that it is suspending Ant Group's decision to list on China's Nasdaq-style sci-tech innovation board, also known as the STAR market, after Jack Ma, the founder of Alibaba, was summoned by Chinese regulators.

The Jianghan Road in central China's Wuhan has new streetlights installed that can provide wireless charging to mobile phones, according to the People's Daily. 

To support Alibaba's record-breaking transaction peaks, five super data centers, including Zhang Bei, Ulanqab, Heyuan, Nantong and Hangzhou, will work together to provide computing power during the Singles Day shopping festival on November 11, said Zhou Ming, vice president of Alibaba Group and head of Alibaba Cloud's infrastructure unit. 

Chinese ride-sharing platform Didi Chuxing has announced its entry into New Zealand, first offering services in the country's largest commercial, industrial and port city, Auckland.

China's emerging e-commerce platform Pinduoduo will be rooted in China's cosmetic industry in the next two years, cultivating 50 new cosmetic brands with annual sales of more than RMB 100 million, of which 10 with annual sales of more than RMB 1 billion, said Chen Qiu, vice president of Pinduoduo.

CLSA reiterated its "buy" recommendation on Hong Kong-traded BYD Company Limited (01211.HK) in a recent report, raising the target price by 45% from HK$131 to HK$190, which is 9.38% higher than the company's closing price on Monday.

Alibaba on November 2 announced the launch of the Central China headquarters project in Wuhan, Hubei province, and the park is expected to be completed in 2026.

Baidu today announced the flagship edition of its Baidu Cloud Phone for personal users, featuring an ARM quad-core processor, 4GB of RAM and 32GB of storage.

Despite sanctions by the US government, Huawei shipped 4.9 million units of tables in the third quarter of 2020, up 32.9 percent year-on-year, according to a recent IDC report.

BYD has always been full of confidence in the development of China's domestic core technology, its founder Wang Chuanfu said recently that "chips are man-made, not God-made".