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/
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/
CnTechPost
Huawei to invest $100 million over next three years to support Asia-Pacific startups - CnTechPost
Huawei plans to recruit 1,000 start-ups and build 100 scale-ups, the company said.
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/
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/
CnTechPost
Tencent testing NokNok, a Discord-like social app for gamers - CnTechPost
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.
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/
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/
CnTechPost
Honor of Kings upgrades rules, bans users under 12 from topping up - CnTechPost
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.
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/
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/
CnTechPost
JD.com gets green light to build cargo airline - CnTechPost
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.
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/
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/
CnTechPost
Luckin Coffee reportedly has achieved overall profitability - CnTechPost
Luckin Coffee's stock is still tradable on the OTC market despite its delisting, up nearly 70 percent so far this year.
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/
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/
CnTechPost
Tencent resumes new user registration for WeChat - CnTechPost
WeChat had 1.24 billion combined monthly active accounts in the first quarter, up 3.3 percent year-over-year and up 1.4 percent from the previous quarter, according to Tencent's earnings report for the first quarter.
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/
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/
CnTechPost
Alibaba says it spent nearly $530 million in past year to fight Covid-19 - CnTechPost
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.
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/
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/
CnTechPost
Local Chinese paper calls for caution against media interference in stock market - CnTechPost
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.
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/
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/
CnTechPost
Global foldable phone market expected to grow 10 times by 2023, report says - CnTechPost
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.
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/
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/
CnTechPost
SMIC says its FinFET process is in production with 15,000 wafers per month - CnTechPost
SMIC's 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.
Huawei said to sell server business
Huawei's server product line will be sold to the State-owned Assets Supervision and Administration Commission of Suzhou, Yicai.com reported Friday. The report said Huawei's x86 servers could not continue to be produced due to problems with the supply of chips from Intel. However, Huawei will retain the server business with its own chip Kunpeng, according…
https://cntechpost.com/2021/08/06/huawei-said-to-sell-server-business/
Huawei's server product line will be sold to the State-owned Assets Supervision and Administration Commission of Suzhou, Yicai.com reported Friday. The report said Huawei's x86 servers could not continue to be produced due to problems with the supply of chips from Intel. However, Huawei will retain the server business with its own chip Kunpeng, according…
https://cntechpost.com/2021/08/06/huawei-said-to-sell-server-business/
CnTechPost
Huawei said to sell server business - CnTechPost
The report said Huawei's x86 servers could not continue to be produced due to problems with the supply of chips from Intel. However, Huawei will retain the server business with its own chip Kunpeng, according to the report.
Honor's market share in China rebounded to 8.4% in June, Counterpoint says
Honor's market share in China has rebounded from 5.1 percent in January to 8.4 percent in June, according to a report released Friday by market research firm Counterpoint Research. Although Honor's sales in June were only about half of its 4.55 million units in August last year, they were up 27 percent from May, the…
https://cntechpost.com/2021/08/06/honors-market-share-in-china-rebounded-to-8-4-in-june-counterpoint-says/
Honor's market share in China has rebounded from 5.1 percent in January to 8.4 percent in June, according to a report released Friday by market research firm Counterpoint Research. Although Honor's sales in June were only about half of its 4.55 million units in August last year, they were up 27 percent from May, the…
https://cntechpost.com/2021/08/06/honors-market-share-in-china-rebounded-to-8-4-in-june-counterpoint-says/
CnTechPost
Honor's market share in China rebounded to 8.4% in June, Counterpoint says - CnTechPost
Honor's market share in China has rebounded from 5.1 percent in January to 8.4 percent in June, according to a report released Friday by market research firm Counterpoint Research.
Goldman Sachs adds Tencent to its Conviction Buy list, but lowers price target by 16%
Goldman Sachs has added Tencent to its Conviction Buy list in its latest research note but increased its valuation discount to 15 percent from 10 percent in light of the latter's exposure to regulatory uncertainty. Goldman Sachs cut Tencent's 12-month price target by 16 percent from HK$906 to HK$759, equivalent to an FY2022 and FY2023…
https://cntechpost.com/2021/08/06/goldman-sachs-adds-tencent-to-its-conviction-buy-list-but-lowers-price-target-by-16-percent/
Goldman Sachs has added Tencent to its Conviction Buy list in its latest research note but increased its valuation discount to 15 percent from 10 percent in light of the latter's exposure to regulatory uncertainty. Goldman Sachs cut Tencent's 12-month price target by 16 percent from HK$906 to HK$759, equivalent to an FY2022 and FY2023…
https://cntechpost.com/2021/08/06/goldman-sachs-adds-tencent-to-its-conviction-buy-list-but-lowers-price-target-by-16-percent/
CnTechPost
Goldman Sachs adds Tencent to its Conviction Buy list, but lowers price target by 16% - CnTechPost
Goldman Sachs has added Tencent to its Conviction Buy list in its latest research note but increased its valuation discount to 15 percent from 10 percent in light of the latter's exposure to regulatory uncertainty.
China's Zhurong Mars rover travels over 800 meters
As of Aug. 6, 2021, the Zhurong rover has worked on the Martian surface for 82 Martian days and has traveled a cumulative distance of 808 meters, the Chinese Lunar Exploration Program (CLEP) said Friday. The Tianwen 1 probe carrying Zhurong was successfully launched on July 23, 2020, from the southern Chinese city of Wenchang,…
https://cntechpost.com/2021/08/06/chinas-zhurong-mars-rover-travels-over-800-meters/
As of Aug. 6, 2021, the Zhurong rover has worked on the Martian surface for 82 Martian days and has traveled a cumulative distance of 808 meters, the Chinese Lunar Exploration Program (CLEP) said Friday. The Tianwen 1 probe carrying Zhurong was successfully launched on July 23, 2020, from the southern Chinese city of Wenchang,…
https://cntechpost.com/2021/08/06/chinas-zhurong-mars-rover-travels-over-800-meters/
CnTechPost
China's Zhurong Mars rover travels over 800 meters - CnTechPost
As of Aug. 6, 2021, the Zhurong rover has worked on the Martian surface for 82 Martian days and has traveled a cumulative distance of 808 meters, the Chinese Lunar Exploration Program (CLEP) said Friday.
Tencent launches new round of campus recruitment, offering over 7,000 positions
Tencent's 2022 fall campus recruitment launched on Friday, offering over 7,000 positions, an increase of more than 40 percent over last year. Tencent is opening five categories of positions for 2022 graduates this year, including technology, product, design, marketing and functional positions. As of the first quarter of this year, the total number of Tencent…
https://cntechpost.com/2021/08/06/tencent-launches-new-round-of-campus-recruitment-offering-over-7000-positions/
Tencent's 2022 fall campus recruitment launched on Friday, offering over 7,000 positions, an increase of more than 40 percent over last year. Tencent is opening five categories of positions for 2022 graduates this year, including technology, product, design, marketing and functional positions. As of the first quarter of this year, the total number of Tencent…
https://cntechpost.com/2021/08/06/tencent-launches-new-round-of-campus-recruitment-offering-over-7000-positions/
CnTechPost
Tencent launches new round of campus recruitment, offering over 7,000 positions - CnTechPost
Tencent's 2022 fall campus recruitment launched on Friday, offering over 7,000 positions, an increase of more than 40 percent over last year.
Kuaishou, which saw its shares drop about 80% from all-time high, responds in bizarre way
TikTok's local competitor Kuaishou posted a message on its official WeChat account on Friday that seemed to be a subtle response to the sharp pullback in its share price. The post quotes seven songs whose titles are linked together to form the phrase "Friends, calmly face the irrational shocks. It doesn't matter if the tide…
https://cntechpost.com/2021/08/06/kuaishou-which-saw-its-shares-drop-about-80-from-all-time-high-responds-in-bizarre-way/
TikTok's local competitor Kuaishou posted a message on its official WeChat account on Friday that seemed to be a subtle response to the sharp pullback in its share price. The post quotes seven songs whose titles are linked together to form the phrase "Friends, calmly face the irrational shocks. It doesn't matter if the tide…
https://cntechpost.com/2021/08/06/kuaishou-which-saw-its-shares-drop-about-80-from-all-time-high-responds-in-bizarre-way/
CnTechPost
Kuaishou, which saw its shares drop about 80% from all-time high, responds in bizarre way - CnTechPost
The post quotes seven songs whose titles are linked together to form the phrase "Friends, calmly face the irrational shocks. It doesn't matter if the tide rises or falls, tomorrow will be better."
Huawei's Q2 revenue falls 38% to $26.3 billion
Huawei's revenue for the second quarter fell 38 percent to RMB 170.4 billion ($26.3 billion), according to the company's operating results released on Friday. Huawei's unaudited sales revenue for the first half of the year was RMB 320.4 billion, with a net profit margin of 9.8 percent, the report showed. Of the total, revenue from…
https://cntechpost.com/2021/08/06/huaweis-q2-revenue-falls-38-to-26-3-billion/
Huawei's revenue for the second quarter fell 38 percent to RMB 170.4 billion ($26.3 billion), according to the company's operating results released on Friday. Huawei's unaudited sales revenue for the first half of the year was RMB 320.4 billion, with a net profit margin of 9.8 percent, the report showed. Of the total, revenue from…
https://cntechpost.com/2021/08/06/huaweis-q2-revenue-falls-38-to-26-3-billion/
CnTechPost
Huawei's Q2 revenue falls 38% to $26.3 billion - CnTechPost
Huawei's revenue for the second quarter fell 38 percent to RMB 170.4 billion ($26.3 billion), according to the company's operating results released on Friday.
Xiaomi says Mi Store Portugal's acceptance of cryptocurrency payments unrelated to it
Chinese smartphone giant Xiaomi has denied that one of its overseas online stores has started accepting cryptocurrency payments as its official act. The store, Mi Store Portugal, recently started supporting payments using cryptocurrencies. Mi Store Portugal's move to start accepting cryptocurrency payments is unrelated to Xiaomi’s actions, Xiaomi said on Weibo. "Today we noticed information…
https://cntechpost.com/2021/08/06/xiaomi-says-mi-store-portugals-acceptance-of-cryptocurrency-payments-unrelated-to-it/
Chinese smartphone giant Xiaomi has denied that one of its overseas online stores has started accepting cryptocurrency payments as its official act. The store, Mi Store Portugal, recently started supporting payments using cryptocurrencies. Mi Store Portugal's move to start accepting cryptocurrency payments is unrelated to Xiaomi’s actions, Xiaomi said on Weibo. "Today we noticed information…
https://cntechpost.com/2021/08/06/xiaomi-says-mi-store-portugals-acceptance-of-cryptocurrency-payments-unrelated-to-it/
CnTechPost
Xiaomi says Mi Store Portugal's acceptance of cryptocurrency payments unrelated to it - CnTechPost
Xiaomi has denied that one of its overseas online stores has started accepting cryptocurrency payments as its official act.
Citi maintains Buy rating on Alibaba, lowers price target to HK$288 for its HK shares
Citi maintained a Buy rating on Alibaba in its latest research note but lowered its price target to HK$288 ($37) from HK$297. Alibaba's overall revenue was lower than expected, with slower growth in cloud services and customer management revenue, though adjusted EBITA and net income were both better than expected, Citi said. The company will…
https://cntechpost.com/2021/08/06/citi-maintains-buy-rating-on-alibaba-lowers-price-target-to-hk288-for-its-hk-shares/
Citi maintained a Buy rating on Alibaba in its latest research note but lowered its price target to HK$288 ($37) from HK$297. Alibaba's overall revenue was lower than expected, with slower growth in cloud services and customer management revenue, though adjusted EBITA and net income were both better than expected, Citi said. The company will…
https://cntechpost.com/2021/08/06/citi-maintains-buy-rating-on-alibaba-lowers-price-target-to-hk288-for-its-hk-shares/
CnTechPost
Citi maintains Buy rating on Alibaba, lowers price target to HK$288 for its HK shares - CnTechPost
Citi maintained a Buy rating on Alibaba in its latest research note but lowered its price target to HK$288 ($37) from HK$297.
Tablet market in Chinese mainland down 24% in Q2, says Canalys
Tablet shipments in the Chinese mainland fell 24 percent year-over-year in the second quarter, according to a report released by Canalys on Friday. Apple's share fell to 31 percent, down from 45 percent in the second quarter of last year. Samsung and Lenovo saw year-over-year growth of 78 percent and 299 percent, ranking third and…
https://cntechpost.com/2021/08/06/tablet-market-in-chinese-mainland-down-24-in-q2-says-canalys/
Tablet shipments in the Chinese mainland fell 24 percent year-over-year in the second quarter, according to a report released by Canalys on Friday. Apple's share fell to 31 percent, down from 45 percent in the second quarter of last year. Samsung and Lenovo saw year-over-year growth of 78 percent and 299 percent, ranking third and…
https://cntechpost.com/2021/08/06/tablet-market-in-chinese-mainland-down-24-in-q2-says-canalys/
CnTechPost
Tablet market in Chinese mainland down 24% in Q2, says Canalys - CnTechPost
Tablet shipments in the Chinese mainland fell 24 percent year-over-year in the second quarter, according to a report released by Canalys on Friday.
Alibaba in public outcry after female employee complains of sexual assault by her leader
A female employee of Alibaba accused her superior and a company client of raping her, becoming the focus of attention for Chinese Internet users this weekend and leaving the Chinese e-commerce giant facing one of its biggest crises since its inception. According to discussions circulating on the Internet, the female Alibaba employee was asked by…
https://cntechpost.com/2021/08/08/alibaba-in-public-outcry-after-female-employee-complains-of-sexual-assault-by-her-leader/
A female employee of Alibaba accused her superior and a company client of raping her, becoming the focus of attention for Chinese Internet users this weekend and leaving the Chinese e-commerce giant facing one of its biggest crises since its inception. According to discussions circulating on the Internet, the female Alibaba employee was asked by…
https://cntechpost.com/2021/08/08/alibaba-in-public-outcry-after-female-employee-complains-of-sexual-assault-by-her-leader/
CnTechPost
Alibaba in public outcry after female employee complains of sexual assault by her leader - CnTechPost
A female employee of Alibaba accused her superior and a company client of raping her, becoming the focus of attention for Chinese Internet users this weekend and leaving the Chinese e-commerce giant facing one of its biggest crises since its inception.