Chinese bike-sharing company ofo announced the completion of its series E2-1 round of financing led by e-commerce giant Alibaba, raising $866 million. Haofeng Group, Tianhe Capital, Ant Financial and Junli Capital also participated in the investment.
At the end of last year, Xiaomi accomplished a feat that no other smartphone manufacturer had been able to do in the past six years in India. Xiaomi surpassed Samsung to become India’s largest smartphone brand. This was an important milestone for the Chinese manufacturer, especially considering Xiaomi started selling phones just three years ago.
Although the Huawei P20 Lite will not be released until March 27, the Chinese version, the Huawei Nova 3e will debut soon. Recently, promotional posters and photos of the Nova 3e, as well as Huawei’s internal training materials of the Nova 3e, have been released online.
On March 10, industry sources said that Lenovo Group’s Motorola Mobile may lay off half of its Chicago headquarters employees. This clouds the future of its modular smartphone project.
Samsung has been increasingly underperforming in market share, customer attraction, and brand awareness. As Samsung releases the S9 for pre-sale earlier this week, the company is becoming more marginalized in China.
Singapore-based semiconductor manufacturer Broadcom Corporation suffered a major setback in its plans to acquire U.S.-based Qualcomm. The U.S. government announced that the merger and acquisition affects national security, prompting an investigation led by the U.S. Foreign Investment Commission.
At the Mobile World Congress, Chinese smartphone manufacturer Vivo presented a brand-new full-screen mobile phone named APEX. On March 5, Vivo formally introduced APEX at an exclusive media conference at the Hangzhou New Technology Institute.
On March 4, Lei Jun participated in the first session of the 13th National People’s Congress (NPC) in 2018 as a member of the Beijing delegation. Lei Jun put forward two suggestions on how Chinese private enterprises could build up brands overseas under the “One Belt One Road” Initiative.
Although the US government has been restricting the market entry of China’s leading smartphone manufacturer Huawei in the name of “information security”, other Chinese smartphone manufacturers still try to enter the U.S. market.
On March 2, OPPO unveiled teaser images of the R15 on Weibo. Photos of this new OPPO smartphone had sparked lively online discussions.
The Massachusetts Institute of Technology (MIT) and SenseTime today announced that SenseTime, a leading artificial intelligence (AI) company, is joining MIT’s efforts to define the next frontier of human and machine intelligence.
Prior to the commencement of the 2018 Mobile World Congress (MWC2018) in Barcelona, Huawei held a pre-exhibition conference on February 25 and released the Matebook X Pro, the world’s first FullView touchscreen laptop.
On February 23, JD presented its unmanned intelligent distribution station to be used in the National Civil Aerospace Industry Base in Xi’an, Shaanxi Province.
Fast Company released the 2018 edition of the World’s Most Innovative Companies. Among the top 50 most innovative companies, Apple, Netflix, and Square were the top three. Tencent, which has been on the list for four consecutive years, surpassed Amazon and ranked fourth place in the list.
On February 19, QQ, a Tencent product, released data on red envelope gifting during the Spring Festival. A total of 210 million participants received 1.79 billion red envelopes by walking a cumulative 3.4 trillion steps, or about 2.24 billion kilometers (1.4 billion miles), equal to 40 times the distance from Earth to Mars.
During the Spring Festival, Meituan Takeout maintained normal operations and allowed customers to make reservations for Chinese New Year’s Eve dinner.
The heads of six intelligence agencies joined US Senate Intelligence Committee hearings. At the hearing, they advised Americans to avoid Huawei’s products and services.
The Indian market is where China’s smartphone manufacturers perform best with regards to internationalization. The Indian smartphone market grew by 14 percent last year, more than any other country. Chinese brands made up 53 percent of smartphone sales, according to the latest foreign media news.
On February 12, Didi released data from the first 10 days of this year’s Spring Festival (February 1 to February 10). According to the data, 7.58 million people returned home via the ridesharing service.
China far outnumbers the US in blockchain patents and leads the world, according to the latest blockchain patent list. Alibaba is the world’s leading enterprise in terms of number of patents published for blockchain technology. All of its 49 patents came from the Ant Financial technology laboratory.