Industry Archives - Page 15 of 768

Xiaomi Reports Q1 2023 Performance: Progress in Chip Production, Electric Vehicles, and AI

Xiaomi has reported its Q1 2023 performance. In this quarter, the company achieved revenue of 8.42 billion USD, and an adjusted net profit of 452.6 million USD, marking a 13% year-on-year increase and a 121% sequential increase.

ByteDance Founder Establishes Personal Investment Fund in Hong Kong

Two years after stepping down as CEO of ByteDance, founder Zhang Yiming has launched a personal investment fund in Hong Kong. The fund, named Cool River Venture, is registered as a private limited company and is wholly owned by Galaxy LLC. Zhang Yiming serves as the director of the fund.

Research Institute Responds to Bing Overtaking Baidu’s Desktop Market Share in China: Statistics Show Anomalies, Investigation Underway

According to data from the American research institution Statcounter, in April 2023, Microsoft's Bing search engine surpassed Baidu in terms of market share for desktop searches in China. This news has sparked a heated discussion online.

Shenzhou-16 Is Expected to Launch on May 30th

On May 22nd, the Long March 2F Y16 rocket carrying the Shenzhou-16 manned spacecraft mission was transported vertically to the launch area at Jiuquan Satellite Launch Center, China.

Faraday Future Launches the “Mission Farad” Platform

On May 22nd, Faraday Future (also known as "FF") officially announced the launch of the "Mission Farad" platform, which integrates many benefits of its user co-creation and sharing concept. For example, users can become partners of Jia Yueting.

Tencent’s WeChat Releases Palm Pay

On May 21st, according to WeChat’s blog, WeChat Palm Pay was officially released. Users can currently perform palm payment on face recognition devices. They need to bind their personal WeChat account to the device and record the palm print. When making a purchase, simply place the hand over the scanning area of the payment device […]

China’s Zhurong Rover Discoveres That Mars Once Had An Ocean

Recently, an international research team led by Professor Xiao Long from the School of Earth Sciences at China University of Geosciences (Wuhan) discovered for the first time on the surface of Mars evidence of marine sedimentary rocks through comprehensive analysis of scientific data obtained from the multispectral camera (MSCam) carried by the Zhurong rover, proving […]

DJI Staff Denies Rumors of Withdrawing from the US Market

On May 17th, in response to recent online rumors such as "DJI refuses to pay fines" and "DJI exits the US market", DJI staff made a clear denial and pointed out that DJI has not conveyed any related information in any official company statement or external communication.

Miniso Focuses on Expanding Its Presence in the American Market

On May 17th, Zhang Jingjing, the Chief Financial Officer of Miniso, a Chinese retailer of household consumer goods, stated in an interview that the US market will be a key focus for future expansion.

China Successfully Launches 56th BeiDou Navigation Satellite

On May 17th, at 10:49 am, China successfully launched the 56th BeiDou Navigation Satellite (GEO-4) using a Long March-3B carrier rocket at the Xichang Satellite Launch Center.

Huawei Proprietary Chips to Return in H2 of This Year

Huawei will have a big move in the second half of the year. Its self-developed chips may start to emerge and chips named Ascend, Kunpeng, Tiangang and Balong will all return.

Tencent Cloud Cuts Prices of Core Products, with Highest Reduction Reaching 40%

A new round of price wars in the cloud service market is underway. Following Alibaba Cloud's announcement of a comprehensive price reduction for its core products, Tencent Cloud also announced on May 16 that it will reduce prices for multiple core cloud products.

Futu and UP Fintech to Remove Apps From Chinese App Store

On May 16, leading online brokers Futu Holdings and UP Fintech Holding Limited, known as “Tiger Brokers” in Asia, successively announced that their apps will be removed from app stores on the Chinese mainland.

Analyzing HUYA Inc. 2023Q1 Financial Results: Revenue and Net Income Exceeding Expectations, Demonstrating Enhanced Operational Efficiency and Profitability

On May 16, 2023, Huya Inc., a leading game live streaming platform in China, announced its 2023 Q1 financial results.

Hong Kong Disneyland Reports A Net Loss of $270 Million for the Fiscal Year 2022

Hong Kong Disneyland Resort announced its financial performance for the 2022 fiscal year on May 15th. For the fiscal year ending September 30, 2022, the resort reported a net loss of HKD 2.1 billion (about USD 270 million), which narrowed by 12% compared to the previous year and marked two consecutive years of narrowing losses.

Xiaoice Launches “GPT Clone Program”

On May 16th, Xiaoice announced the launch of the "GPT Clone Program". The first batch will recruit 300 people and create their own digital life based on the 3-5 minute videos and personal social network data they provide.

Midjourney Releases Chinese Version on Tencent Platform

AI image generators Midjourney released a notice on Tencent's WeChat platform titled 'Beta Application of Midjourney's Chinese Version', inviting Chinese creators to join the beta testing of Midjourney's official Chinese version

Self-Driving Business of Alibaba’s DAMO Academy Merged into Cainiao

On May 13, Alibaba's research institute DAMO Academy was reported to be undergoing a major organizational restructuring. The autonomous driving laboratory, which has long been unable to generate profits, will be merged into Cainiao, the logistics arm of Alibaba.

Meituan’s Community Grocery Unit to Conduct New Round of Adjustments

On May 15, it was reported that Meituan Youxuan, the community e-commerce business unit, will begin a new round of adjustments recently.

China’s CMGE and Microsoft Cooperate to Introduce GPT Technology for Gaming

Chinese mobile game developer CMGE announced on May 15 that it has signed a cloud service framework agreement with Microsoft.

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