Tech Industry

China's top investment bank CICC said Cambricon, one of China's most valuable artificial intelligence chipmakers is a leading global AI chip design company that is poised to break NVIDIA's monopoly in the domestic market on the back of rising demand for semiconductor import substitution.

Beijing's 5G subscriber base has exceeded 5.06 million, and at the same time, the city has also achieved full coverage capability for 5G independent networking, according to Beijing Daily.

Luckin Coffee has announced the appointment of independent accounting firm Marcum Bernstein & Pinchuk LLP as the independent auditor, effective September 17, 2020.

A year ago, Alibaba unveiled its first AI chip, the Hanguang 800, the most powerful AI reasoning chip at the time. The company recently shared an update on the Hanguang 800's progress nearly a year after its launch.

Spending on cloud infrastructure services in China reached a record $4.3 billion in the second quarter, up 70 percent year-on-year, according to a report from market research firm Canalys.

NIO has agreed to redeem 8.6 percent equity interests in NIO (Anhui) Holding Co., Ltd., the legal entity of NIO China, according to an SEC filing.

China plans to achieve one-hour global arrival and flight-based ground-to-orbit and orbit-to-orbit space transportation by 2045 on the basis of a comprehensive upgrade of the performance of new-generation launch vehicles, according to the Xinhua News Agency. 

Space Pioneer, a private Chinese rocket company, has announced the completion of hundreds of millions RMB Series A round of financing.

Zhang Jianfeng, president of Alibaba Cloud Intelligence Business Group and president of Alibaba DAMO Academy, today unveiled Wuying, Alibaba's first cloud computer, a supercomputer that grows in the cloud, at the 2020 Apsara Conference.

Unisoc, a China-based supplier of mobile communications chipsets and IoT chipsets, today launched the world's first smart helmet solution built at the chip level.