Lenovo to Invest Over $15.7B in R&D in Next Five Years
At Lenovo’s most recent annual company kick-off for its new financial year held on Wednesday, the firm's chairman and CEO Yang Yuanqing announced strong growth.
4/6/20222 min read
Category: Industry
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Douyin E-Commerce GMV Increased 3.2 Times Year-on-Year
Wei Wenwen, President of Douyin E-commerce, announced that the platform's GMV in the past year increased 3.2 times year-on-year, and that more than 10 billion products were sold.
5/31/20222 min read
SVOLT Announces the Global Launch of Its Short-blade Fast-charging Battery
On December 12th, SVOLT announced its 'SVOLT 2024 Strategy', which includes product leading strategy, SVOLT speed service, and AI intelligent manufacturing strategy.
Zhangmen Education Lists on NYSE Amid Heightened Scrutiny of China's Online Tutoring Market
Zhangmen Education on Tuesday officially went public on the New York Stock Exchange under the ticker symbol "ZME" in the face of tightening restrictions on e-learning platforms from Chinese market regulators, following complaints about improper business practices.
WeChat Search Upgraded to Compete With Baidu
Search engine has always been an intense battleground for all tech giants. On December 11, Tencent upgraded the search function on its most popular product WeChat.
Baidu Earns First Permit in China for Fully Driverless Road Tests in Beijing
Baidu Inc. on Dec. 4 was granted the first permit by the Beijing transportation authorities for five of its vehicles to conduct fully driverless road tests.
DiDi Chuxing Introduces New Ride-Hailing, Logistics Services
Chinese ride-hailing giant Didi Chuxing (Didi) has launched Huaxiaozhu, a new economy ride-sharing service targeting younger users.
7/22/20202 min read
Hurun: Number of Unicorns Globally Up 24% to 1,312 in H1
The Hurun Research Institute released its Global Unicorn Index 2022 Half-Year Report on August 30, offering a ranking of the world’s startups founded since 2000 and worth at least $1 billion, although not yet listed on a public exchange.
Chinese Flexible Display Firm Royole Reportedly Failed to Pay Wages for Six Months
Shenzhen-based rollable display developer Royole, which once had a valuation of more than 50 billion yuan ($7.8 billion), was reported to have a shortage of funds and faced arrears in its employees' salaries.
3/31/20223 min read
iPhone Annual Shipments May Drop up to 30% if Apple Bans WeChat Worldwide, Analyst says
US President Donald Trump’s WeChat ban may cause annual iPhone shipments to decline by up to 30%, Apple analyst Ming-Chi Kuo said in a report.
ByteDance Denies Shutting Down VR Business of PICO
PICO is currently operating normally, and ByteDance will also continue to invest in XR business for the long term.
After Financial Fraud, Luckin Reportedly Achieves Positive Cash Flow Per Store in July
Luckin Coffee Inc. reportedly achieved positive cash flow per store in July, except for roughly 300 stores located at universities that have been closed due to the COVID-19 pandemic.
8/11/20202 min read