Alibaba to invest RMB 100 billion to help common prosperity
Chinese e-commerce giant Alibaba will invest a total of 100 billion yuan by 2025 to contribute to the country's common prosperity, the local news portal zjol.com.cn reported Thursday. Alibaba has launched the "Ten Actions to Promote Common Prosperity" and will set up a special permanent institution for this purpose, according to the report. Alibaba's actions will…
https://cntechpost.com/2021/09/02/alibaba-to-invest-rmb-100-billion-to-help-common-prosperity/
Chinese e-commerce giant Alibaba will invest a total of 100 billion yuan by 2025 to contribute to the country's common prosperity, the local news portal zjol.com.cn reported Thursday. Alibaba has launched the "Ten Actions to Promote Common Prosperity" and will set up a special permanent institution for this purpose, according to the report. Alibaba's actions will…
https://cntechpost.com/2021/09/02/alibaba-to-invest-rmb-100-billion-to-help-common-prosperity/
CnTechPost
Alibaba to invest RMB 100 billion to help common prosperity - CnTechPost
Alibaba has launched the "Ten Actions to Promote Common Prosperity" and will set up a special permanent institution for this purpose.
Huawei says HarmonyOS 2 surpasses 100 million users
As of September 12, Huawei's HarmonyOS 2 user base has exceeded 100 million, about three months after its launch, according to Richard Yu, Huawei's managing director and CEO of its consumer business. Huawei held a new smart office launch event on September 13, where Yu revealed the number, calling HarmonyOS 2 the world's fastest mobile…
https://cntechpost.com/2021/09/14/huawei-says-harmonyos-2-surpasses-100-million-users/
As of September 12, Huawei's HarmonyOS 2 user base has exceeded 100 million, about three months after its launch, according to Richard Yu, Huawei's managing director and CEO of its consumer business. Huawei held a new smart office launch event on September 13, where Yu revealed the number, calling HarmonyOS 2 the world's fastest mobile…
https://cntechpost.com/2021/09/14/huawei-says-harmonyos-2-surpasses-100-million-users/
CnTechPost
Huawei says HarmonyOS 2 surpasses 100 million users - CnTechPost
As of September 12, Huawei's HarmonyOS 2 user base has exceeded 100 million, about three months after its launch, according to Richard Yu, Huawei's managing director and CEO of its consumer business.
Xiaomi unveils concept smart glasses
Chinese smartphone giant Xiaomi on Tuesday unveiled a new concept product -- the Xiaomi Smart Glasses Explorer Edition -- that looks little like regular glasses but delivers a smart experience. Xiaomi said the glasses use Optical Waveguide technology, which hides a micro LED display the size of a sesame seed in the frame and allows…
https://cntechpost.com/2021/09/14/xiaomi-unveils-concept-smart-glasses/
Chinese smartphone giant Xiaomi on Tuesday unveiled a new concept product -- the Xiaomi Smart Glasses Explorer Edition -- that looks little like regular glasses but delivers a smart experience. Xiaomi said the glasses use Optical Waveguide technology, which hides a micro LED display the size of a sesame seed in the frame and allows…
https://cntechpost.com/2021/09/14/xiaomi-unveils-concept-smart-glasses/
CnTechPost
Xiaomi unveils concept smart glasses - CnTechPost
Xiaomi on Tuesday unveiled a new concept product -- the Xiaomi Smart Glasses Explorer Edition -- that looks little like regular glasses but delivers a smart experience.
Luckin Coffee shares up as much as 19% after announcing 33% revenue growth for 2020
Luckin Coffee, which trades on the US Pink Sheets market after delisting, rose more than 19 percent at one point Tuesday, as the company announced 33 percent revenue growth for 2020 and several important developments. By the close of trading, Luckin Coffee's gains narrowed to 3.4 percent to $15.05. Since its delisting on June 29…
https://cntechpost.com/2021/09/22/luckin-coffee-shares-up-as-much-as-19-after-announcing-33-revenue-growth-for-2020/
Luckin Coffee, which trades on the US Pink Sheets market after delisting, rose more than 19 percent at one point Tuesday, as the company announced 33 percent revenue growth for 2020 and several important developments. By the close of trading, Luckin Coffee's gains narrowed to 3.4 percent to $15.05. Since its delisting on June 29…
https://cntechpost.com/2021/09/22/luckin-coffee-shares-up-as-much-as-19-after-announcing-33-revenue-growth-for-2020/
CnTechPost
Luckin Coffee shares up as much as 19% after announcing 33% revenue growth for 2020 - CnTechPost
Since its delisting on June 29 last year, the company has accumulated a 990 percent gain in the Pink Sheets market.
Alibaba, Baidu take stakes in local chipmaker Phytium
Chinese tech giants Alibaba and Baidu have taken stakes in local chipmaker Phytium Technology, according to information from data provider Tianyancha. The information shows that Phytium closed a strategic financing round on Oct. 8, with investors including Alibaba and Baidu's investment and M&A division. The amount of that financing was not disclosed. Founded in 2014,…
https://cntechpost.com/2021/10/08/alibaba-baidu-take-stakes-in-local-chipmaker-phytium/
Chinese tech giants Alibaba and Baidu have taken stakes in local chipmaker Phytium Technology, according to information from data provider Tianyancha. The information shows that Phytium closed a strategic financing round on Oct. 8, with investors including Alibaba and Baidu's investment and M&A division. The amount of that financing was not disclosed. Founded in 2014,…
https://cntechpost.com/2021/10/08/alibaba-baidu-take-stakes-in-local-chipmaker-phytium/
CnTechPost
Alibaba, Baidu take stakes in local chipmaker Phytium - CnTechPost
Alibaba and Baidu have taken stakes in local chipmaker Phytium Technology, according to information from data provider Tianyancha.
Honor resumes ties with Google, Honor 50 series to carry GMS
Honor has resumed cooperation with Google, and its new models in overseas markets will carry Google Mobile Services (GMS), promising to get its overseas business back on track. The smartphone giant, which was spun off from Huawei, tweeted Monday that it has successfully confirmed cooperation with a number of supplier partners in the early stage.…
https://cntechpost.com/2021/10/12/honor-resumes-ties-with-google-honor-50-series-to-carry-gms/
Honor has resumed cooperation with Google, and its new models in overseas markets will carry Google Mobile Services (GMS), promising to get its overseas business back on track. The smartphone giant, which was spun off from Huawei, tweeted Monday that it has successfully confirmed cooperation with a number of supplier partners in the early stage.…
https://cntechpost.com/2021/10/12/honor-resumes-ties-with-google-honor-50-series-to-carry-gms/
CnTechPost
Honor resumes ties with Google, Honor 50 series to carry GMS - CnTechPost
Honor has resumed cooperation with Google, and its new models in overseas markets will carry Google Mobile Services (GMS), promising to get its overseas business back on track.
Appliance giant Midea unveils OpenHarmony 2.0-based IoT system
Midea becomes the first company other than Huawei to build an IoT system based on OpenHarmony 2.0. Chinese appliance giant Midea on Thursday unveiled its OpenHarmony2.0-based IoT system, becoming the first company other than Huawei to build an IoT system based on OpenHarmony2.0. The system, launched by Midea in cooperation with OpenAtom Foundation, China's first…
https://cntechpost.com/2021/10/14/appliance-giant-midea-unveils-openharmony-2-0-based-iot-system/
Midea becomes the first company other than Huawei to build an IoT system based on OpenHarmony 2.0. Chinese appliance giant Midea on Thursday unveiled its OpenHarmony2.0-based IoT system, becoming the first company other than Huawei to build an IoT system based on OpenHarmony2.0. The system, launched by Midea in cooperation with OpenAtom Foundation, China's first…
https://cntechpost.com/2021/10/14/appliance-giant-midea-unveils-openharmony-2-0-based-iot-system/
CnTechPost
Appliance giant Midea unveils OpenHarmony 2.0-based IoT system - CnTechPost
Midea becomes the first company other than Huawei to build an IoT system based on OpenHarmony 2.0.
Futu, Tiger Brokers shares plunge as Chinese official media flag user info security concerns
According to an article in the online edition of the People's Daily, the issue of personal information of mainland citizens leaving the country may become a new test for Futu and Tiger Brokers. Shares of Futu Holdings and Tiger Brokers, brokerages that facilitate Chinese trading in US and Hong Kong stocks, plunged in pre-market trading…
https://cntechpost.com/2021/10/14/futu-tiger-brokers-shares-plunge-as-chinese-official-media-flag-user-info-security-concerns/
According to an article in the online edition of the People's Daily, the issue of personal information of mainland citizens leaving the country may become a new test for Futu and Tiger Brokers. Shares of Futu Holdings and Tiger Brokers, brokerages that facilitate Chinese trading in US and Hong Kong stocks, plunged in pre-market trading…
https://cntechpost.com/2021/10/14/futu-tiger-brokers-shares-plunge-as-chinese-official-media-flag-user-info-security-concerns/
CnTechPost
Futu, Tiger Brokers shares plunge as Chinese official media flag user info security concerns - CnTechPost
According to an article in the online edition of the People's Daily, the issue of personal information of mainland citizens leaving the country may become a new test for Futu and Tiger Brokers.
Futu, Tiger Brokers shares plunge pre-market as Chinese official media flag user info security concerns
According to an article in the online edition of the People's Daily, the issue of personal information of mainland citizens leaving the country may become a new test for Futu and Tiger Brokers. Shares of Futu Holdings and Tiger Brokers, brokerages that facilitate Chinese trading in US and Hong Kong stocks, plunged in pre-market trading…
https://cntechpost.com/2021/10/14/futu-tiger-brokers-shares-plunge-as-chinese-official-media-flag-user-info-security-concerns/
According to an article in the online edition of the People's Daily, the issue of personal information of mainland citizens leaving the country may become a new test for Futu and Tiger Brokers. Shares of Futu Holdings and Tiger Brokers, brokerages that facilitate Chinese trading in US and Hong Kong stocks, plunged in pre-market trading…
https://cntechpost.com/2021/10/14/futu-tiger-brokers-shares-plunge-as-chinese-official-media-flag-user-info-security-concerns/
CnTechPost
Futu, Tiger Brokers shares plunge as Chinese official media flag user info security concerns - CnTechPost
According to an article in the online edition of the People's Daily, the issue of personal information of mainland citizens leaving the country may become a new test for Futu and Tiger Brokers.
Futu, Tiger Brokers shares plunge pre-market as Chinese official media flag user info security concerns
According to an article in the online edition of the People's Daily, the issue of personal information of mainland citizens leaving the country may become a new test for Futu and Tiger Brokers. Shares of Futu Holdings and Tiger Brokers, brokerages that facilitate Chinese trading in US and Hong Kong stocks, plunged in pre-market trading…
https://cntechpost.com/2021/10/14/futu-tiger-brokers-shares-plunge-as-chinese-official-media-flag-user-info-security-concerns/
According to an article in the online edition of the People's Daily, the issue of personal information of mainland citizens leaving the country may become a new test for Futu and Tiger Brokers. Shares of Futu Holdings and Tiger Brokers, brokerages that facilitate Chinese trading in US and Hong Kong stocks, plunged in pre-market trading…
https://cntechpost.com/2021/10/14/futu-tiger-brokers-shares-plunge-as-chinese-official-media-flag-user-info-security-concerns/
CnTechPost
Futu, Tiger Brokers shares plunge as Chinese official media flag user info security concerns - CnTechPost
According to an article in the online edition of the People's Daily, the issue of personal information of mainland citizens leaving the country may become a new test for Futu and Tiger Brokers.
Futu says it always actively cooperates with regulation in response to user info security concerns
Futu says it will continue to actively cooperate with regulators in its efforts and ongoing efforts to protect personal information. Futu Holdings, the brokerage that facilitates Chinese trading in US and Hong Kong stocks, has responded after official Chinese media raised concerns about the security of its users' information. The company said in a statement…
https://cntechpost.com/2021/10/14/futu-says-it-always-actively-cooperates-with-regulation-in-response-to-user-info-security-concerns/
Futu says it will continue to actively cooperate with regulators in its efforts and ongoing efforts to protect personal information. Futu Holdings, the brokerage that facilitates Chinese trading in US and Hong Kong stocks, has responded after official Chinese media raised concerns about the security of its users' information. The company said in a statement…
https://cntechpost.com/2021/10/14/futu-says-it-always-actively-cooperates-with-regulation-in-response-to-user-info-security-concerns/
CnTechPost
Futu says it always actively cooperates with regulation in response to user info security concerns - CnTechPost
Futu says it will continue to actively cooperate with regulators in its efforts and ongoing efforts to protect personal information.
Futu, Tiger extend losses as Chinese securities regulator reportedly refine regulations
Departments including the China Securities Regulatory Commission are working to improve the rules in line with the requirement that all financial activities should be fully regulated. Shares of Futu Holdings, as well as Tiger Brokers, traded in the US, continued to fall in pre-market trading Friday, as the official securities media Securities Times said regulators…
https://cntechpost.com/2021/10/15/futu-tiger-extend-losses-as-chinese-securities-regulator-reportedly-refine-regulations/
Departments including the China Securities Regulatory Commission are working to improve the rules in line with the requirement that all financial activities should be fully regulated. Shares of Futu Holdings, as well as Tiger Brokers, traded in the US, continued to fall in pre-market trading Friday, as the official securities media Securities Times said regulators…
https://cntechpost.com/2021/10/15/futu-tiger-extend-losses-as-chinese-securities-regulator-reportedly-refine-regulations/
CnTechPost
Futu, Tiger extend losses as Chinese securities regulator reportedly refine regulations - CnTechPost
Departments including the China Securities Regulatory Commission are working to improve the rules in line with the requirement that all financial activities should be fully regulated.
Alibaba unveils ARM server chip Yitian 710, boasting strongest performance in the industry
The chip was taped out in July and will be used in Alibaba Cloud data centers. T-Head (Pingtouge Semiconductor), the semiconductor unit of Alibaba, today announced the Yitian 710, an in-house developed cloud chip, becoming another Chinese technology company to develop a server CPU. The company said the chip is the industry's most powerful ARM…
https://cntechpost.com/2021/10/19/alibaba-unveils-arm-server-chip-yitian-710-boasting-strongest-performance-in-the-industry/
The chip was taped out in July and will be used in Alibaba Cloud data centers. T-Head (Pingtouge Semiconductor), the semiconductor unit of Alibaba, today announced the Yitian 710, an in-house developed cloud chip, becoming another Chinese technology company to develop a server CPU. The company said the chip is the industry's most powerful ARM…
https://cntechpost.com/2021/10/19/alibaba-unveils-arm-server-chip-yitian-710-boasting-strongest-performance-in-the-industry/
CnTechPost
Alibaba unveils ARM server chip Yitian 710, boasting strongest performance in the industry - CnTechPost
The chip was taped out in July and will be used in Alibaba Cloud data centers.
Luckin Coffee posts H1 net revenue of $492.9 million, up 106% year-on-year
"This earnings announcement is an important milestone as it enables us to return to normalized financial reporting," said Luckin Coffee CEO. China-based Starbucks equivalent Luckin Coffee reported net revenue of RMB 3.18 billion ($492.9 million) in the first half of the year, up 106 percent year-on-year, the company said today. The company reported an operating…
https://cntechpost.com/2021/10/21/luckin-coffee-posts-h1-net-revenue-of-492-9-million-up-106-year-on-year/
"This earnings announcement is an important milestone as it enables us to return to normalized financial reporting," said Luckin Coffee CEO. China-based Starbucks equivalent Luckin Coffee reported net revenue of RMB 3.18 billion ($492.9 million) in the first half of the year, up 106 percent year-on-year, the company said today. The company reported an operating…
https://cntechpost.com/2021/10/21/luckin-coffee-posts-h1-net-revenue-of-492-9-million-up-106-year-on-year/
CnTechPost
Luckin Coffee posts H1 net revenue of $492.9 million, up 106% year-on-year - CnTechPost
"This earnings announcement is an important milestone as it enables us to return to normalized financial reporting," said Luckin Coffee CEO.
Huawei posts sales revenue of about $71.3 billion in first 3 quarters
Huawei achieved sales revenue of RMB 455.8 billion ($71.3 billion) in the first three quarters, with a net profit margin of 10.2 percent. Guo Ping, Huawei's rotating chairman, said the company's overall operating results were in line with expectations, with business for general consumers suffering a large impact and company-oriented business performing steadily. "We will…
https://cntechpost.com/2021/10/29/huawei-posts-sales-revenue-of-about-71-3-billion-in-first-3-quarters/
Huawei achieved sales revenue of RMB 455.8 billion ($71.3 billion) in the first three quarters, with a net profit margin of 10.2 percent. Guo Ping, Huawei's rotating chairman, said the company's overall operating results were in line with expectations, with business for general consumers suffering a large impact and company-oriented business performing steadily. "We will…
https://cntechpost.com/2021/10/29/huawei-posts-sales-revenue-of-about-71-3-billion-in-first-3-quarters/
CnTechPost
Huawei posts sales revenue of about $71.3 billion in first 3 quarters - CnTechPost
Huawei achieved sales revenue of RMB 455.8 billion ($71.3 billion) in the first three quarters, with a net profit margin of 10.2 percent.
Huawei posts sales revenue of about $71.3 billion in first 3 quarters
Huawei achieved sales revenue of RMB 455.8 billion ($71.3 billion) and a net profit margin of 10.2 percent in the first three quarters, according to the company's financial report released today. Guo Ping, Huawei's rotating chairman, said the company's overall operating results were in line with expectations, with business for general consumers suffering a large…
https://cntechpost.com/2021/10/29/huawei-posts-sales-revenue-of-about-71-3-billion-in-first-3-quarters/
Huawei achieved sales revenue of RMB 455.8 billion ($71.3 billion) and a net profit margin of 10.2 percent in the first three quarters, according to the company's financial report released today. Guo Ping, Huawei's rotating chairman, said the company's overall operating results were in line with expectations, with business for general consumers suffering a large…
https://cntechpost.com/2021/10/29/huawei-posts-sales-revenue-of-about-71-3-billion-in-first-3-quarters/
CnTechPost
Huawei posts sales revenue of about $71.3 billion in first 3 quarters - CnTechPost
Huawei achieved sales revenue of RMB 455.8 billion ($71.3 billion) in the first three quarters, with a net profit margin of 10.2 percent.
Education stocks soar with reports that China will resume after-school tutoring
Shares of US-listed education companies jumped in pre-market trading, with the latest reports suggesting they are set for new life. China is considering issuing more than a dozen licenses to allow companies to offer after-school tutoring, the WSJ said today, citing people familiar with the matter. Companies including Gaotu Techedu and Yuanfudao have held discussions…
https://cntechpost.com/2021/11/08/education-stocks-soar-with-reports-that-china-will-resume-after-school-tutoring/
Shares of US-listed education companies jumped in pre-market trading, with the latest reports suggesting they are set for new life. China is considering issuing more than a dozen licenses to allow companies to offer after-school tutoring, the WSJ said today, citing people familiar with the matter. Companies including Gaotu Techedu and Yuanfudao have held discussions…
https://cntechpost.com/2021/11/08/education-stocks-soar-with-reports-that-china-will-resume-after-school-tutoring/
CnTechPost
Education stocks soar with reports that China will resume after-school tutoring - CnTechPost
Shares of US-listed education companies jumped in pre-market trading, with the latest reports suggesting they are set for new life.
Xiaomi's MIUI surpasses 500 million monthly active users worldwide
MIUI surpassed 100 million monthly active users worldwide on August 19, 2015, and surpassed 200 million on June 6, 2018. Xiaomi's Android skin MIUI has surpassed 500 million monthly active users worldwide as of November 22, 2021, the company announced Tuesday. To date, MIUI has gained 18.65 million new monthly active users in China and…
https://cntechpost.com/2021/11/24/xiaomis-miui-surpasses-500-million-monthly-active-users-worldwide/
MIUI surpassed 100 million monthly active users worldwide on August 19, 2015, and surpassed 200 million on June 6, 2018. Xiaomi's Android skin MIUI has surpassed 500 million monthly active users worldwide as of November 22, 2021, the company announced Tuesday. To date, MIUI has gained 18.65 million new monthly active users in China and…
https://cntechpost.com/2021/11/24/xiaomis-miui-surpasses-500-million-monthly-active-users-worldwide/
CnTechPost
Xiaomi's MIUI surpasses 500 million monthly active users worldwide - CnTechPost
MIUI surpassed 100 million monthly active users worldwide on August 19, 2015, and surpassed 200 million on June 6, 2018.
Chinese video platform iQIYI reportedly to lay off 20-40% of its workforce
Shares of iQIYI traded in the US have plunged in the past few months, with a cumulative decline of about 60 percent since July. Chinese video platform iQIYI is laying off between 20-40 percent of its workforce, yicai.com reported today, citing employees of the company. Layoff compensation is temporarily being paid out at N+1 times…
https://cntechpost.com/2021/12/01/chinese-video-platform-iqiyi-reportedly-to-lay-off-20-40-of-its-workforce/
Shares of iQIYI traded in the US have plunged in the past few months, with a cumulative decline of about 60 percent since July. Chinese video platform iQIYI is laying off between 20-40 percent of its workforce, yicai.com reported today, citing employees of the company. Layoff compensation is temporarily being paid out at N+1 times…
https://cntechpost.com/2021/12/01/chinese-video-platform-iqiyi-reportedly-to-lay-off-20-40-of-its-workforce/
CnTechPost
Chinese video platform iQIYI reportedly to lay off 20-40% of its workforce - CnTechPost
Shares of iQIYI traded in the US have plunged in the past few months, with a cumulative decline of about 60 percent since July.
DeepSeek makes minor upgrades to its R1 reasoning model
DeepSeek R1-0528 is slightly behind OpenAI's o4 mini and o3 reasoning models in terms of code generation, but ahead of xAI's Grok 3 mini and Alibaba's Qwen 3. Chinese AI startup DeepSeek announced on Wednesday in its official community group that the DeepSeek R1 reasoning model has completed a minor version trial upgrade. DeepSeek released…
https://cntechpost.com/2025/05/29/deepseek-upgrades-r1-model/
DeepSeek R1-0528 is slightly behind OpenAI's o4 mini and o3 reasoning models in terms of code generation, but ahead of xAI's Grok 3 mini and Alibaba's Qwen 3. Chinese AI startup DeepSeek announced on Wednesday in its official community group that the DeepSeek R1 reasoning model has completed a minor version trial upgrade. DeepSeek released…
https://cntechpost.com/2025/05/29/deepseek-upgrades-r1-model/
CnTechPost
DeepSeek makes minor upgrades to its R1 reasoning model - CnTechPost
DeepSeek R1-0528 is slightly behind OpenAI's o4 mini and o3 reasoning models in terms of code generation, but ahead of xAI's Grok 3 mini and Alibaba's Qwen 3.