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OFilm announced that it expects net losses of 58-70 million yuan ($9.01-$10.88 million) in the third quarter, compared to profits of 237 million yuan during the same period last year.
On November 18th, Rokid launched a new generation of AI + AR glasses in collaboration with BOLON, named Rokid Glasses, showcasing its rich content ecosystem to the industry.
Tencent has launched a new business - Extended Reality (XR) - and has recently started an internal reshuffling of staff to take on the new business. Tencent has not responded to this report yet.
Tencent Cloud announced on September 13 its signing of a memorandum of understanding with Strange Universe Technology, a Singapore-based Web3 company, involving the creation of an immersive and integrated platform.
Huawei's EV partner Seres is considering a secondary listing in Hong Kong. The secondary listing may help the company raise over $1 billion.
At the beginning of June, ByteDance was internally testing a conversational AI project codenamed Grace. After 2 months of research and development testing, there have been new advancements.
Chinese electric vehicle (EV) maker Nio has clarified that the new model to be launched next year will maintain the brand's high-end positioning, ending speculations that Nio would launch a less expensive entry-level car.
More Chinese people are buying financial and investment products and the proportion of adults using electronic payments is increasing, a report showed on Thursday.
Xingji Technology, a mobile devices company founded by Geely's Chairman Eric Li, and smartphone brand Meizu held a strategic investment signing ceremony in Hangzhou on July 4.
DP Technology secures 100 million US dollars funding, advances AI for science.
Chinese smartphone maker Huawei said it has no plans to sell its mobile phone business at all, countering a Reuters report which cited people with knowledge of the matter as saying the company is in talks to sell its premium smartphone brands P and Mate.
The app of Chinese grocery e-commerce platform Missfresh now shows that its 30-minute delivery service has been replaced with next-day delivery in Beijing, Tianjin, and Shanghai.