Tech Industry

One of Xpeng Motors' local suppliers recently signed an agreement to supply a NIO subsidiary with drive motor components, which analysts see as a sign that NIO is aggressively introducing local supply chains and reducing costs.

Huawei Thailand will invest 475 million baht (about $15 million) to establish a 5G ecosystem innovation center at the headquarters of Thailand's Digital Economy Promotion Agency (Depa), the Bangkok Post reported.

With the US Commerce Department's ban on Huawei taking effect September 15, Huawei's smartphone sales this year are expected to drop 10 percent to 170 million units compared with previous plans, market research firm TrendForce said in a report released Tuesday.

The Huawei Card, Huawei's digital credit card, is now available and users can apply for it directly in their Huawei Wallet app.

In the flexible display market, BOE already ranks second in the world, with a market share of 20.3 percent, said Chang Cheng, vice president of BOE Group, adding that the flexible display market is predicted to reach $49.7 billion by 2024, and BOE hopes to account for 40 percent of it.

Beijing will build a legal digital currency pilot zone and a digital financial system, relying on the People's Bank of China's trade and finance blockchain platform to form a trade and finance blockchain standard system.

Huawei's Australian subsidiary said today that it will continue to reduce its workforce and investment in Australia, according to ifeng.com.

Huawei today joined forces with Intel to launch the 2488H V6, the latest generation of the FusionServer Pro server series.

Chinese regulators today announced the results of their investigation into Luckin Coffee, which has been embroiled in a financial fraud spiral.

China is a growing market, and where the market is, that's where the money is going, said Yang Xu, Intel's global vice president, adding Intel will continue to invest in China because choosing China is choosing to accelerate growth.