Pinduoduo Posts Q3 Results, Signals Sustainable Growth as Spending Shifts from Marketing to R&D
Pinduoduo appears to be forging a path to sustainable growth after garnering more than 800 million customers in record time.
11/26/20212 min read
Tag: #R&D
Showing 12 of 13 posts with this tag
Huawei Rotating CEO elaborates on earnings report and shares views on 5G, digitization and AI
On March 30, Huawei officially released its 2017 annual report. The report shows that the Huawei's operator business achieved 297.8 billion yuan ($46.6 billion)...
Megvii Files For Hong Kong IPO to Drive R&D in AI Technology
Chinese artificial intelligence (AI) firm Megvii, the firm behind well-known computer vision tech company Face++, has filed for a public listing in Hong Kong on Aug. 26 with Goldman Sachs, J.P. Morgan and Citibank serving as the underwriters.
Vivo to Invest $466 Million in Indian Operations by 2023
Chinese tech firm Vivo will invest 35 billion rupees ($466 million) in its Indian subdivision by 2023, and increase its annual smartphone production capacity in the country from 60 million to 120 million units.
Cloudwalk Technology passed IPO deliberation
The Shanghai Stock Exchange has accepted the IPO application of Cloudwalk, a domestic AI enterprise.
Huawei to Boost R&D Budget by $5.8 Billion, Confident to Meet 2020 Financial Goals
China's biggest smartphone maker Huawei plans to boost its research and development (R&D) spending by $5.8 billon to more than $20 billon this year.
3/26/20202 min read
Xiaomi Not Abandoning Surge Chipsets, To Invest Over 10 bln yuan in R&D in 2020
Xiaomi's CEO Lei Jun: the company has not given up on its self-developed Surge chipsets.
The New Chinese Law Allows Researchers Get More equity in State-owned R&D institution
On October 15, the low application rate of scientific and technological results has troubled innovation in research and development institutions for a while. Be...
Huawei Reports 19.1% Rise in 2019 Revenue Despite US Crackdown
China’s biggest smartphone maker Huawei reported a 2019 revenue growth of 19.1% year-on-year to around $122 billion on Tuesday.
3/31/20202 min read
DiDi Unveils Technology Breakthroughs in AR and AI Integration
On August 17th, Didi Chuxing (“DiDi”), the Chinese ride-sharing, AI and autonomous technology conglomerate, unveiled its latest AI R&D at the DiDi Tech Day ...
Xiaomi Announces Independent Camera Department to Strengthen Camera R&D
On the evening of May 13, Xiaomi co-founder and CEO Lei Jun released an internal letter announcing the establishment of an independent camera department to stre...
All Wheels in One Direction: China's Unique System for Innovation
The Chinese character xīn (新) means ‘new’. Another character pronounced xīn (心) means ‘heart’ or ‘where the consciousness lies’. Brazen, unapologetic in ...