Pandaily's Digest #20210317
Huawei plans to charge royalties for its 5G technology, Baidu tests paid driverless taxis, Energy Monster sets sights on US listing, and more.
Huawei to Charge Apple and Samsung Royalties for Access to Its Wireless 5G Patents
Huawei will begin levying royalties from smartphone makers that use its patented 5G technology, expecting to open a lucrative new revenue stream as US sanctions hit the company’s consumer business.
ByteDance to Begin Making AI Chips Amid Tech War and Global Semiconductor Shortage
ByteDance has taken initial steps toward manufacturing its own artificial intelligence (AI) chips, a significant development marking further progress in China’s drive to achieve greater autonomy in the field of technology.
Vivo Sub-Brand iQOO Launches Neo5 Gaming Phone with Upgraded Display Performance
Chinese smartphone maker Vivo’s sub-brand iQOO unveiled a new gaming phone Neo5 on Tuesday, boasting a significant upgrade from its predecessor, the iQOO Neo3.
Tencent-Backed Beike Shows Strong Performance for Fiscal 2020
Beike, a housing transaction and services platform listed on the New York Stock Exchange, published its unaudited financial result for the fiscal year 2020 on Monday.
Hong Kong Film “Better Days” Nominated for Oscar
Directed by Derek Tsang, the youth melodrama film “Better Days“ (2019) landed a nomination for Best International Feature at the 93rd Academy Awards.
Ford, Infiniti and Alibaba’s UC Browser Denounced for Unfair Practices on Chinese Consumer Rights TV Show
During a popular annual television program broadcast by state-run China Central Television on March 15 – which is also World Consumer Rights Day – several domestic and foreign brands were singled out for violations of consumer rights.
Baidu Tests Paid Driverless Taxis in Chinese City
Chinese search giant and AI company Baidu has obtained permission from authorities to charge users for rides using its autonomous vehicles in Cangzhou, Hebei province.
China VC Weekly: Bodybuilding, Property Trading and more
Xiaomi injects funds into bodybuilding course maker I-Fitness, Julive rakes in 400 million yuan, Allianz tightens partnership with WeLab, while Xpeng Motors secures a new commitment from the Guangdong government.
Wanda Group Gives Up Majority Stake in AMC Theatres
Dalian Wanda Group has given up its majority stake in AMC Entertainment Holdings, the largest theater operator in the United States after it reported a record loss for 2020.
Xiaomi Shares Surge After US Court Suspends Investment Ban
Chinese technology giant Xiaomi saw its shares climb by 7% on Monday after a US court granted a preliminary injunction against a pending government ban.
XPeng Receives 500M Yuan in Funding From Guangdong Government
Chinese electric vehicle (EV) maker XPeng Motors announced on Monday that it has secured funding worth 500 million yuan ($77 million) from the Guangdong provincial government.
Prospective Chinese Olympian Eileen Gu Wins Second Gold Medal at World Championships
US-born Chinese skier Eileen Gu celebrated her second gold medal at this year’s Freestyle Ski and Snowboarding World Championships, which is hosted by the International Ski Federation (FIS), after securing an impressive score of 84.23.
Honor Could Unveil “True Flagship” Smartphone with Snapdragon 888 Chipset in July: Report
Chinese budget smartphone brand Honor could release a “true flagship” device as soon as July, according to media reports.
Chinese Power Bank Rental Company Energy Monster Sets Sights on US Listing
Chinese power bank rental company Energy Monster has recently announced its intentions to go public in the United States.