Chinese bike-sharing firm Hello scraps plans for US IPO

Bike-sharing startup Hello Inc is the latest among Chinese companies to abort their plans to list in the US after Didi went public but came under regulatory scrutiny. According to the Securities and Exchange Commission (SEC) website, Hello abandoned its plans to list in the US on July 27, saying in a filing that the…

https://cntechpost.com/2021/07/28/chinese-bike-sharing-firm-hello-scraps-plans-for-us-ipo/

China's Q2 smartphone shipments fell 11% year-over-year

China shipped about 78.1 million smartphones in the second quarter, down 11.0 percent year-over-year, according to a report released Wednesday by Internet Data Center (IDC). China shipped 164 million units of cell phones in the first half of 2021, up 6.5 percent year-over-year, according to the report. Vivo shipped 18.6 million units in the second…

https://cntechpost.com/2021/07/28/chinas-q2-smartphone-shipments-fell-11-year-over-year/

China's cloud market exceeded $4.6 billion in Q1, IDC says

China's public cloud IaaS+PaaS market reached $4.63 billion in the first quarter, according to the latest data released by Internet Data Center (IDC). The public cloud IaaS+PaaS market grew 49.08 percent year-over-year in the first quarter of this year, compared to $3.11 billion in the first quarter of last year. China's IaaS market size was…

https://cntechpost.com/2021/07/29/chinas-cloud-market-exceeded-4-6-billion-in-q1-idc-says/

Huawei unveils 4G-only P50 series smartphones

Huawei announced the P50 and P50 Pro smartphones on Thursday, and due to chip supply constraints, they unfortunately only support 4G instead of the latest 5G networks. The P50 features a 6.5-inch AMOLED straight screen with a resolution of 2,700*1,224, supporting a 90Hz refresh rate and a 300Hz touch sampling rate. The P50 Pro comes…

https://cntechpost.com/2021/07/30/huawei-unveils-4g-only-p50-series-smartphones/

OnePlus says it shipped 257% more smartphones in H1 compared to same period last year

OnePlus said on July 29 that its global smartphone sales grew 257% year-over-year in the first half of 2021. OnePlus founder Pete Lau said on Weibo, "we said we want OnePlus to keep making great products that are industry benchmarks and make the OnePlus story seen by more people. Sales are the most visible recognition…

https://cntechpost.com/2021/07/30/oneplus-says-it-shipped-257-more-smartphones-in-h1-compared-to-same-period-last-year/

Tencent launches NFT trading software

Tencent's NFT trading software "Huanhe" (literally means phantom core) app has been launched, with a limited edition of 300 digital collectibles of NFT on sale. The app is part of Tencent PCG, the division's innovative business, local media said, citing Tencent insiders. According to the description on the software's download page, users can purchase tamper-evident…

https://cntechpost.com/2021/08/02/tencent-launches-nft-trading-software/

Meituan launches massive campus recruitment

Meituan, a Chinese e-commerce platform for lifestyle services, has launched campus recruiting in dozens of cities, including Beijing, Shanghai, Chengdu and Shenzhen, offering a large number of positions for fresh graduates who will graduate between November 2021 and October 2022. The recruitment includes 64 job types, including R&D, algorithms, testing, operations, security, product, product operations,…

https://cntechpost.com/2021/08/02/meituan-launches-massive-campus-recruitment/

CaiNiao partners with Best Inc to improve online shopping experience for Southeast Asian customers

Alibaba's logistics platform CaiNiao announced on Monday that it has launched a cross-border direct delivery service from China to Thailand, Vietnam and Cambodia with logistics company Best Inc. Ouyang Chongguang, head of cross-border Southeast Asia at CaiNiao, said the direct delivery service ensures timeliness and quality of service, providing a better online shopping experience for…

https://cntechpost.com/2021/08/02/cainiao-partners-with-best-inc-to-improve-online-shopping-experience-for-southeast-asian-customers/

Official media blames online games as 'spiritual opium', sending Tencent, NetEase shares diving

China's official media, the Economic Information Daily, published an article on Aug. 3 that said online games were addicting minors, comparing them to new types of drugs and raising investor concerns that the industry would face a crackdown. According to the report, 62.5 percent of underage Internet users in China regularly play games online; 13.2…

https://cntechpost.com/2021/08/03/official-media-blames-online-games-as-spiritual-opium-sending-tencent-netease-shares-diving/

Xiaomi overtakes Samsung to become No. 1 in European market share

Xiaomi became the smartphone brand with the largest market share in Europe for the first time in the second quarter, overtaking Samsung and Apple, according to a report released Tuesday by market research firm Strategy Analytics. Xiaomi shipped 12.7 million units in the second quarter in Europe, up 67.1 percent year-over-year, with a 25.3 percent…

https://cntechpost.com/2021/08/03/xiaomi-overtakes-samsung-to-become-no-1-in-european-market-share/

Tencent announces new measures to reduce impact of games on minors

Tencent on Tuesday announced new measures to reduce the impact of games on minors, amid a renewed focus on the topic. To further increase protection for minors, Tencent will launch seven new initiatives, starting with a pilot for its most popular game Honor of Kings, the company said. Tencent said it will enforce tougher online…

https://cntechpost.com/2021/08/03/tencent-announces-new-measures-to-reduce-impact-of-games-on-minors/

Huawei to invest $100 million over next three years to support Asia-Pacific startups

Huawei will invest $100 million over the next three years in the Asia-Pacific Spark Program to build a startup ecosystem, the company announced on Tuesday. Huawei plans to recruit 1,000 start-ups and build 100 scale-ups, the company said. Huawei announced the launch of three Asia-Pacific Spark startup enablement programs: the Spark Developer Program, which aims…

https://cntechpost.com/2021/08/03/huawei-to-invest-100-million-over-next-three-years-to-support-asia-pacific-startups/

Tencent testing NokNok, a Discord-like social app for gamers

Tencent's Platform and Content Group (PCG) is internally testing a Discord-like social app for gamers called NokNok, or "KK" as it is known internally, according to a report by tech media outlet 36kr on August 3. The project was launched in April, and NokNok is similar to Discord in that multiple channels can be set…

https://cntechpost.com/2021/08/03/tencent-testing-noknok-a-discord-like-social-app-for-gamers/

Honor of Kings upgrades rules, bans users under 12 from topping up

Tencent has imposed further restrictions on minors' game spending, with its most popular game Honor of Kings releasing new rules on Wednesday that show users under the age of 12 are banned from topping up in the game. For users over the age of 12 and under the age of 16, the rules show a…

https://cntechpost.com/2021/08/04/honor-of-kings-upgrades-rules-bans-users-under-12-from-topping-up/

JD.com gets green light to build cargo airline

Chinese e-commerce giant JD.com's Jiangsu Jingdong Cargo Airlines has passed the initial review by the Civil Aviation Administration of China (CAAC) East China Regional Authority, according to a CAAC announcement Tuesday. The company, which has a registered capital of RMB 600 million (US$92.74 million), is a joint venture between JD.com's Suqian Jindong Zhanrui Enterprise Management…

https://cntechpost.com/2021/08/04/jd-com-gets-green-light-to-build-cargo-airline/

Luckin Coffee reportedly has achieved overall profitability

Chinese coffee brand Luckin Coffee realized overall group profit in May, meaning it is ahead of its target for the year, Tech Planet reported Thursday. As of May 31, 2021, Luckin Coffee had 3,949 directly-owned stores and 1,175 franchised stores in China. The company plans to open 4,800 to 6,900 directly operated stores by 2023.…

https://cntechpost.com/2021/08/05/luckin-coffee-reportedly-has-achieved-overall-profitability/

Tencent resumes new user registration for WeChat

On July 27, social media and gaming giant Tencent closed the new user registration portal for personal accounts of WeChat, saying it was undergoing a technical upgrade and was expected to complete the upgrade and resume registration in early August. The company has now resumed WeChat registration for new users. The latest version of WeChat…

https://cntechpost.com/2021/08/05/tencent-resumes-new-user-registration-for-wechat/

Alibaba says it spent nearly $530 million in past year to fight Covid-19

Alibaba has invested nearly RMB 3.4 billion ($530 million) in the fight against Covid-19 over the past year, donating a total of 200 million items in China and 150 other countries, the Chinese e-commerce giant said. The "health code" developed by Alipay was rolled out from Hangzhou to the whole country, and the system built…

https://cntechpost.com/2021/08/05/alibaba-says-it-spent-nearly-530-million-in-past-year-to-fight-covid-19/

Local Chinese paper calls for caution against media interference in stock market

Several industries in China have seen stock prices plummet recently as they have been slammed by the official media. A local newspaper, Shenzhen Economic Daily, published an article on Aug. 5 calling for caution against media interference in the stock market. According to the article, the Chinese stock market has recently witnessed an abnormal phenomenon:…

https://cntechpost.com/2021/08/06/local-chinese-paper-calls-for-caution-against-media-interference-in-stock-market/

Global foldable phone market expected to grow 10 times by 2023, report says

Global foldable phone sales are expected to triple this year compared to 2020 and grow 10 times by 2023, according to a report published by market research firm Counterpoint on August 5. Counterpoint expects about 9 million foldable phones to be shipped in 2021, giving Samsung an 88 percent market share, and Samsung is expected…

https://cntechpost.com/2021/08/06/global-foldable-phone-market-expected-to-grow-10-times-by-2023-report-says/

SMIC says its FinFET process is in production with 15,000 wafers per month

Semiconductor Manufacturing International Corporation's (SMIC) FinFET process is in production and has a capacity of 15,000 wafers per month, Zhao Haijun, the chief co-executive officer of the leading Chinese contract chipmaker, said Friday. That portion of the capacity is in short supply, and customers keep coming in, Zhao said during the company's second-quarter earnings call.…

https://cntechpost.com/2021/08/06/smic-says-its-finfet-process-is-in-production-with-15000-wafers-per-month/