On March 22, the Beijing Municipal Government issued its first batch of temporary license plates for autonomous vehicles to Baidu after completing series of procedures such as the closed field test, autonomous driving capacity assessment and expert reviews.
Alibaba Group announced today that it will invest another $2 billion in Lazada Group in an effort to accelerate its growth and deepen its integration with the Alibaba ecosystem. Lazada is the largest e-commerce platform in Southeast Asia.
On the afternoon of March 16, 89-year-old Ka-shing Li (born on July 29, 1928), the Chairman of CK Hutchison Holdings Limited, officially announced his retirement.
At Tencent AI Lab’s second academic forum on March 15, Tencent AI Lab announced a strategic cooperation with Springer Nature’s Nature Research. The partnership will promote the interdisciplinary research of AI in the medical care field and the integration of AI in learning and research.
On the morning of March 9, a press conference was held at the first session of China’s 13th National People’s Congress (NPC). Xiaochuan Zhou, the governor of the People’s Bank of China, answered questions about Bitcoin and initial coin offerings (ICO).
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.