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Although the scale of the company's management has changed, it is still at the level of over 20 billion yuan, responded High Flyer regarding recent market rumors.
Douyin, the Chinese mainland version of TikTok, has recently been testing a new homepage layout that emphasizes the "Mall" function. The tests indicate that it is weighing the importance of e-commerce and social features.
Geely-backed ECARX Technology announced that it had successively taped-out its 7nm intelligent cockpit chip DragonHawk 1, which had been designed by SiEngine Technology, and is a first in the country.
On Monday, William Lu, Xiaomi Partner and General Manager of Redmi, said on Weibo that "the Redmi K40 has entered the delisting stage in anticipation of the launch of the K50 series."
Following similar moves by Tesla China and Huawei-backed AITO, Guangzhou-based electric vehicle firm XPeng has announced a price reduction plan.
TikTok's mother company recently launched a large-scale product called "ChitChop".
TikTok’s parent company Bytedance is rumored to have invested 5 billion yuan ($771 million) in acquiring Chinese VR hardware maker Pico.
Zhejiang Century Huatong Group announced on Tuesday that Shengqu Games, a wholly-owned subsidiary, signed a three-year agreement with Tencent on Monday.
The recent shutdown of Silicon Valley Bank (SVB) by regulators marks the largest bank failure in the United States since 2008. Several Chinese Hong Kong-listed companies have sought to reassure investors by stating that their cash deposits in SVB were not significant.
Ryan Ding, Executive Director of the Board of Huawei and President of the Carrier Business Group, said that the penetration rate of 5G users in China, South Korea, Kuwait and other countries has crossed the critical point of 20%.
This year's Singles' Day is just over, but Alibaba and JD.com are already fighting about how to calculate and record who had the most transactions. JD.com's ac...
On March 24th, the patent of "Vein Identification Device and Vehicle" applied by BYD Corporation Limited Co., Ltd. was authorized today. After inquiring to the China National Intellectual Property Administration, it was learned that the utility model authorized by BYD this time is actually a vein recognition device and vehicle.