Ska Sijia, Author at Pandaily

Waymo sets up Shanghai Subsidiary as Google Attempts to Break into the Chinese Market

Waymo, Alphabet’s self-driving technology development subsidiary, has set up a Chinese subsidiary to test and design its self-driving cars, as discovered recently by Chinese media.

DJI Unveils New Mavic 2 Drones: Hasselblad-Designed Camera and Dolly Zoom

China’s drone behemoth DJI unveiled the Mavic 2 yesterday, a true successor to the company’s most popular and iconic Mavic Pro. This time round, two editions were unleashed: Mavic 2 Pro and Mavic 2 Zoom.

Alibaba Revenues Soar 61% with Booming E-Commerce on Taobao

Alibaba Group, the Chinese multinational and multi-business conglomerate, announced on Thursday its Q2 earnings report of the quarter ending on June 30, 2018 with a revenue standing at $12,229 million

Qualcomm Settles $774 Million Anti-Trust Disputes in Taiwan, Pledges to Invest More

U.S. mobile chipmaker Qualcomm announced on August 10 that it has settled an anti-trust case with Taiwan’s Fair Trade Commission(TFTC). Qualcomm paid out for a total of $93 million, which was reduced from $774 million. It further pledged to invest $700 million more in Taiwan within the next five years.

Detailed Plans of 5G Deployment in Beijing Winter Olympics Have Just Been Released

China Unicom, the country’s second-largest telecom carrier announced on August 10 that it will provide integrated ultra-fast fifth-generation (5G) solutions for the 2022 Winter Olympics in Beijing.

Meituan Leads in China’s Food Delivery Market, Followed by Ele.me and Baidu

Trustdata released a new mobile Internet report on July 31, unveiling a 6-3-1 shape of the food delivery market in China where Meituan Waimai continues to lead with 60 percent of the market share, followed by Ele.me at 36 percent and Baidu Waimai at 3 percent.

Tesla Suffers Biggest Loss, China Factory to Be Built Through Local Bank Loans

Elon Musk, CEO of Tesla, confirmed amid the company’s record loss that he will not sell any stocks. Tesla’s Gigafactory 3 in China, although costing less than expected, will be built through local bank loans.

OPPO to Release the First Gorilla Glass 6 Smartphone

OPPO will be the first smartphone manufacturer to use Gorilla Glass 6, a breakthrough technology in cover glass by Corning Inc. that prevents multiple drops, as announced by the New York-based glass company on August 3.

JD Launches its First International Unmanned Store in Indonesia

China’s leading e-commerce platform JD.com opened its first overseas unmanned store, JD.ID X-Mart, an AI-powered experience store in the Indonesian capital of Jakarta.

Pinduoduo Goes Public in the U.S., Stock Price Surges 44%

China’s social commerce group discount platform Pinduoduo had its debut on the Nasdaq at 7 p.m. July 26 (Beijing time), and ended its first trading day with a stock price of $26.70, valuing the company at $29.6 billion.

China’s Inaction Ends the Qualcomm-NXP Deal as Deadline Passes

Qualcomm lost its chance to own NXP Semiconductors as China did not approve of the deal before the deadline on Thursday midday Beijing time.

Daimler and Baidu Deepen Cooperation in Autonomous Driving and Vehicle Connectivity

German premium automaker Daimler AG and China’s internet giant Baidu Inc. partner up to deepen their strategic ties in the areas of autonomous driving and vehicle connectivity.

Xiaomi Marching into the U.S. in 2019, Despite Ongoing Trade War

Xiaomi is developing its cellphone models compatible with U.S. carrier network, planning to launch in the U.S. market next year, Reuters reported on its Chinese website.

Suicide Rates Remain High, Mental Health Apps Not the Solution

Searches for mental health apps surged in the U.S. and China while effects of the digital solution remain dubious, a new report reveals.

Headhunting Master Liepin Goes Public in HK

Wise Talent Information Technology, the parent company of Chinese executive headhunting platform Liepin.com, joins the Hong Kong Stock Exchange today to become its first listed tech company providing human resource solutions.

Trump Touts Foxconn’s U.S. Mega-factory “World’s 8th Wonder”

Foxconn, the Taiwan-headquartered electronics manufacturer, opened a new manufacturing facility in Wisconsin, U.S. yesterday. The planned $10-billion plant is considered one of the largest foreign direct investment projects ever in the United States.

Tencent Adding Another Pearl in India? Firstcry Rumored to Raise $150 Million in Fresh Funding

India’s largest baby products retailer Firstcry (Brainbees Solutions Pvt Ltd) is reportedly in talks to several investors to raise up to $100-150 million. According to people aware of the development, the Mahindra group-backed retailer has revived talks with Singapore state investment firm Temasek Holdings.