Industry Archives - Page 16 of 768

Founder of 360: Those Who Can Not Use GPT Will Be eliminated

Recently, Zhou Hongyi, the founder of Qihoo 360, stated that ChatGPT-4.0 is already the smartest "person" on Earth. He said that people who do not know how to use GPT will be eliminated in the future. On the same day, Zhou Hongyi also announced that 360 had launched an AI store.

Huawei WATCH 4 Series Supports High Blood Sugar Risk Assessment

On May 15th, according to Richard Yu, the CEO of the Consumer BG at Huawei, "Huawei WATCH 4 series will be the first to support high blood sugar risk assessment research." The Huawei WATCH 4 series will debut at Huawei's new product launch event on May 18th.

Xiaomi Denies Laying off 90% of Employees over the Age of 35 at Wuhan Headquarters

On May 14th, reports surfaced that Xiaomi's Wuhan headquarters had laid off 90% of employees over the age of 35. However, Wang Hua, General Manager of Xiaomi's Public Relations Department denied these reports.

OPPO Disbands ZEKU Team, May Give up Self-developed Chips

On May 12th, OPPO announced that in the face of global economic uncertainty and an uncertain mobile phone market, after careful consideration, the company has decided to terminate its ZEKU business.

Hong Kong Introduces Unmanned Bus for the First Time

On May 12th, the unmanned electric bus officially began operation in Hong Kong. It is the first time that an unmanned bus has been introduced in Hong Kong.

Chinese Astronauts Begin to Transfer the Cargo of Tianzhou-6

On May 12th, the crew of Shenzhou-15 spacecraft opened the hatch of Tianzhou-6 cargo spacecraft and carried out related work such as cargo transfer according to plan.

Disagreement Arises Among Shanghai Pudong Development Bank Employees Regarding Salaries and Benefits

Several photos surfaced online on May 11th showing employees of Shanghai Pudong Development Bank (SPDB) protesting in Shanghai. The protest was due to their dissatisfaction with salary cuts, which occurred after an employee from the bank's wealth-management subsidiary complained about a nearly 70% reduction in pay.

Alibaba Cloud Founder Wang Jian to Return to Company with New Title

Wang Jian, the founder of Alibaba Cloud, will return to the cloud computing division of Chinese internet giant Alibaba. His return to the company after a decade and how he will regain prominence in the spotlight are currently under scrutiny.

Semiconductor Foundry Giant SMIC’s Q1 Net Profit Decreases by 44% YoY

SMIC, a prominent Chinese semiconductor foundry company, released its financial report for the first quarter. The company reported an operating revenue of 10.209 billion yuan ($1.47 billion), which is a decrease of 13.9% compared to the previous year's figures.

Profit-driven iQIYI International App to Continue to Promote Chinese-language Content

On May 10th, iQIYI, a Chinese online video platform based in Beijing, held a forum at the 2023 iQIYI World Conference to showcase the development of its overseas business and share with its partners opportunities for collaboration.

Suspended Monorail with Rails on Top Opens for Trail Operation in China’s Wuhan

On May 11th, China began the trial operation of a new suspended monorail called "the Optics Valley Photon". This advanced transportation system is not only futuristic in design but also provides a glimpse into the future of urban mobility.

JD.com Changes Leadership, CEO Xu Lei Will Retire for Personal Reasons

Chinese e-commerce giant JD.com announced on May 11th that its current CEO, Xu Lei, has resigned from his position due to personal reasons. The company's CFO, Sandy Xu, will take over as the new CEO and Xu Lei will smoothly hand over his responsibilities before retiring in June.

Dada Group Q1 2023 Total Revenue Reaches $370 Million

On May 11th, Dada Group released its Q1 2023 financial results. In the first quarter, Dada Group's total revenue reached RMB 2.6 billion (about USD 370 million), a year-on-year increase of 27%. The adjusted net loss rate narrowed by over 16 percentage points compared to the same period last year.

China’s First Hydrogen-powered Urban Train Can Reach A Top Speed of 160 km/h

On May 10th, at the 2023 China Brand Day event held at the Shanghai World Expo Exhibition and Convention Center, China Railway Rolling Stock Corporation (CRRC) unveiled its latest green low-carbon technology achievement-a hydrogen-powered urban train.

Alibaba’s Joe Tsai Showcases AI-generated Actress at BEYOND Expo

The third BEYOND International Technology Innovation Expo began in China on May 10. During the event, Joe Tsai, executive vice-chairman of Alibaba Group, showcased an AI-generated actress named Leah to demonstrate the potential of AI-generated content.

China’s Tianzhou-6 Cargo Spacecraft Successfully Launched

At 21:22 on May 10 Beijing time, the Long March 7 Y7 carrier rocket carrying the Tianzhou-6 cargo spacecraft was ignited and launched at China's Wenchang Spacecraft Launch Site.

Chinese Scientists Achieve Precision Quantum Measurement Beyond the Heisenberg Limit

On May 9th, it was learned from the University of Science and Technology of China that a team led by academician Guo Guangcan, including Li Chuanfeng and Chen Geng, collaborated with their peers to achieve quantum precision measurement beyond the Heisenberg limit using quantum uncertainty causal order.

Taobao Maker Festival: Unearthing China’s Youth Creativity and Championing Small Business Pioneers

"Taobao Maker Festival" offers a venue for young merchants to showcase their potentials. By identifying consumption trends and championing small businesses on the platform, the event could have a significant impact on the retail industry and the economy at large.

BYD Obtains License for Property Insurance

On May 9, the China Banking and Insurance Regulatory Commission issued a reply regarding the change of shareholders of Yi'an Property Insurance Co., Ltd., approving BYD Auto Industry Co., Ltd. to acquire 1 billion shares of Yi'an Property Insurance, with a shareholding ratio of 100%.

Kuaishou Incentivizes User Collaboration with 60 Billion Network Traffic

On May 9th, Kuaishou upgraded its "Chuanliu Plan" and will allocate at least 60 billion network traffic throughout the year to incentivize collaboration between merchants and influencers.

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