Global stock market saw a major meltdown this week, caused by concerns over the tightened fiscal policy in the U.S. A bloodbath in American markets earlier this week has now extended to Asia and Europe.
“Hello again! Hai Na Bai Chuan, Shanghai changes with every passing day,” Apple CEO Tim Cook posted on Sina Weibo on Monday, with a photo of Shanghai’s most famous landmark the Bund, shot by the newest iPhone XS Max.
Over the weekend, tech companies including Amazon, Apple and Supermicro had put out statements to deny Chinese hacking allegations made by Bloomberg Businessweek last week.
Throughout the first three quarters of 2018, Chinese tech companies far outnumbered U.S. companies in filing for IPOs on U.S. stock exchanges, according to an IPO report released by Renaissance Capital, a leading IPO investment research company.
To brace for the dawn of 5G and AI, Tencent Holdings is undergoing a strategic upgrade, which involves the establishment of two new business divisions—Cloud and Smart Industries Group (CSIG) and Platform and Content Group (PCG).
The 2018 World Artificial Intelligence Conference (WAIC) opened its doors in Shanghai on September 17. The three-day conference welcomed speakers such as Alibaba’s Jack Ma, Tencent’s Pony Ma, and Xiaomi’s Lei Jun on its opening day.
On Sept. 13, Lei Jun, Founder and CEO of the popular Chinese electronics company Xiaomi, announced a big systematic adjustment to the organizational structure and personnel appointment through an internal email.
Tesla’s arm in China, Tesla (Shanghai) Co. Ltd has increased its registered capital to a total of 4.67 billion RMB (about $680 million) on Sept. 7, according to the information shown by Shanghai Industry and Commerce Administration authority.
Autel Robotics, a U.S. subsidiary of Chinese technology company Autel Intelligent Technology Corp, filed a patent infringement suit against the Shenzhen-based drone company DJI Technology Co. to the US International Trade Commission (ITC) on Aug. 30.
Here is this week’s roundup of China innovation stories.
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