Tech Industry

Huawei had been stockpiling 5G base station core chips for months ahead of the US ban deadline, ensuring availability at least through 2021, Bloomberg reported today.

For the first three quarters of 2020, Huawei achieved sales revenue of 671.3 billion yuan, up 9.9 percent year-on-year, with a net profit margin of 8.0 percent, the company said today, adding this result was largely in line with expectations.

By the end of September, China had opened 690,000 5G base stations and cities such as Beijing, Shanghai, Guangzhou and Hangzhou had continuous coverage of 5G networks in urban areas, according to data released today by China's Ministry of Industry and Information Technology (MIIT).

On October 22, the Nanjing Integrated Circuit University, China's first university dedicated to the training of integrated circuit talent, was officially established in Nanjing.

Huawei recently announced that its Phoenix Engine's Ray Shop is the industry's most advanced mobile light-rendered hybrid rendering pipeline, widely used in games and other 3D applications to improve image quality.

Chinese search engine giant Baidu plans to complete a secondary listing in Hong Kong by the end of this year, Tencent Tech reported on Wednesday, adding that it will be another star tech company familiar to retail investors after Ant Group's IPO in early November.

Chinese ride-sharing giant Didi Chuxing said on Wednesday that it has permanently banned a female passenger who was drunk and sexually harassed a male driver while riding with Didi, which has been widely reported in recent days.

Xiaomi tweeted on Tuesday that it's committed to reducing the plastic used in its packaging by 60 percent starting in Europe, with the Xiaomi Mi 10T Lite expected to be the first to take that step.

As of September 30, 2020, China Mobile's total mobile customers stood at about 946 million, including 770 million for 4G and 114 million for 5G packages, according to the company's unaudited operating figures for the first three quarters released on the Hong Kong Stock Exchange on October 20.

NIO shorts have been covering in size during the recent continuation of its rally, with 14 million shares covered over the last month worth $394 million, according to data from S3 Partners.