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.
Huawei HarmonyOS exceeds 50 million users
As of Aug. 6, Huawei's HarmonyOS 2 smartphone operating system had more than 50 million users, according to a CCTV report Sunday. With HarmonyOS gaining such momentum, Huawei raised its previous goal of reaching 300 million device upgrades by the end of the year to 400 million, according to the report. "HarmonyOS was created not…
https://cntechpost.com/2021/08/09/huawei-harmonyos-exceeds-50-million-users/
As of Aug. 6, Huawei's HarmonyOS 2 smartphone operating system had more than 50 million users, according to a CCTV report Sunday. With HarmonyOS gaining such momentum, Huawei raised its previous goal of reaching 300 million device upgrades by the end of the year to 400 million, according to the report. "HarmonyOS was created not…
https://cntechpost.com/2021/08/09/huawei-harmonyos-exceeds-50-million-users/
CnTechPost
Huawei HarmonyOS exceeds 50 million users - CnTechPost
As of Aug. 6, Huawei's HarmonyOS 2 smartphone operating system had more than 50 million users, according to a CCTV report Sunday.
Tencent Music unveils first digital collections with NFT technology
Tencent Music's first digital collections of music using NFT technology will be available soon and will go live on QQ Music this month, the company announced on Weibo on Aug. 9. The digital collection uses Tencent's Zhixin Chain, the company said, adding that this digital artwork using NFT technology covers video, audio, vinyl records, and…
https://cntechpost.com/2021/08/09/tencent-music-unveils-first-digital-collections-with-nft-technology/
Tencent Music's first digital collections of music using NFT technology will be available soon and will go live on QQ Music this month, the company announced on Weibo on Aug. 9. The digital collection uses Tencent's Zhixin Chain, the company said, adding that this digital artwork using NFT technology covers video, audio, vinyl records, and…
https://cntechpost.com/2021/08/09/tencent-music-unveils-first-digital-collections-with-nft-technology/
CnTechPost
Tencent Music unveils first digital collections with NFT technology - CnTechPost
Tencent Music's first digital collections of music using NFT technology will be available soon and will go live on QQ Music this month, the company announced on Weibo on Aug. 9.
Xiaomi becomes No. 1 in Southeast Asia smartphone market for first time
After becoming the No. 1 smartphone vendor in Europe, Chinese smartphone giant Xiaomi has also won the crown in Southeast Asia. Xiaomi became the No. 1 smartphone vendor in Southeast Asia for the first time, the company said on Aug. 9, citing data from market research firm Canalys for the second quarter. The data showed…
https://cntechpost.com/2021/08/10/xiaomi-becomes-no-1-in-southeast-asia-smartphone-market-for-first-time/
After becoming the No. 1 smartphone vendor in Europe, Chinese smartphone giant Xiaomi has also won the crown in Southeast Asia. Xiaomi became the No. 1 smartphone vendor in Southeast Asia for the first time, the company said on Aug. 9, citing data from market research firm Canalys for the second quarter. The data showed…
https://cntechpost.com/2021/08/10/xiaomi-becomes-no-1-in-southeast-asia-smartphone-market-for-first-time/
CnTechPost
Xiaomi becomes No. 1 in Southeast Asia smartphone market for first time - CnTechPost
After becoming the No. 1 smartphone vendor in Europe, Chinese smartphone giant Xiaomi has also won the crown in Southeast Asia.
Vivo opens smart manufacturing centers in Pakistan and Turkey
Chinese smartphone giant Vivo recently announced the opening of smart manufacturing centers in Pakistan and Turkey to increase its global reach. The Pakistan smart manufacturing center covers 16,000 square meters with a total investment of RMB 65 million ($10.02 million) and a design capacity of 6 million units per year. The Turkey smart manufacturing center…
https://cntechpost.com/2021/08/10/vivo-opens-smart-manufacturing-centers-in-pakistan-and-turkey/
Chinese smartphone giant Vivo recently announced the opening of smart manufacturing centers in Pakistan and Turkey to increase its global reach. The Pakistan smart manufacturing center covers 16,000 square meters with a total investment of RMB 65 million ($10.02 million) and a design capacity of 6 million units per year. The Turkey smart manufacturing center…
https://cntechpost.com/2021/08/10/vivo-opens-smart-manufacturing-centers-in-pakistan-and-turkey/
CnTechPost
Vivo opens smart manufacturing centers in Pakistan and Turkey - CnTechPost
Vivo recently announced the opening of smart manufacturing centers in Pakistan and Turkey to increase its global reach.
China's space station's core module Tianhe to turn into a lab soon
China's space station core module Tianhe will soon be turned into a laboratory, Xinhua News Agency reported Tuesday. After Tianhe's infrastructure is completed, astronauts will need to assemble and test scientific experiment equipment to establish a space experiment environment. In other words, Tianhe will be temporarily turned into a laboratory until the Wentian Experiment Module…
https://cntechpost.com/2021/08/10/chinas-space-stations-core-module-tianhe-to-turn-into-a-lab-soon/
China's space station core module Tianhe will soon be turned into a laboratory, Xinhua News Agency reported Tuesday. After Tianhe's infrastructure is completed, astronauts will need to assemble and test scientific experiment equipment to establish a space experiment environment. In other words, Tianhe will be temporarily turned into a laboratory until the Wentian Experiment Module…
https://cntechpost.com/2021/08/10/chinas-space-stations-core-module-tianhe-to-turn-into-a-lab-soon/
CnTechPost
China's space station's core module Tianhe to turn into a lab soon - CnTechPost
After Tianhe's infrastructure is completed, astronauts will need to assemble and test scientific experiment equipment to establish a space experiment environment.
Xiaomi unveils Mi MIX 4 with prices starting at about $770
Xiaomi announced the Mi MIX 4, a full-screen phone, on the evening of August 10, with four versions priced from RMB 4,999 ($770) to RMB 6,299. The MIX 4's 20MP front-facing camera is hidden underneath the CUP full-screen display, achieving a 100-percent pixel display with 400 PPI. The 6.67-inch AMOLED flexible screen supports 10-bit color,…
https://cntechpost.com/2021/08/11/xiaomi-unveils-mi-mix-4-with-prices-starting-at-about-770/
Xiaomi announced the Mi MIX 4, a full-screen phone, on the evening of August 10, with four versions priced from RMB 4,999 ($770) to RMB 6,299. The MIX 4's 20MP front-facing camera is hidden underneath the CUP full-screen display, achieving a 100-percent pixel display with 400 PPI. The 6.67-inch AMOLED flexible screen supports 10-bit color,…
https://cntechpost.com/2021/08/11/xiaomi-unveils-mi-mix-4-with-prices-starting-at-about-770/
CnTechPost
Xiaomi unveils Mi MIX 4 with prices starting at about $770 - CnTechPost
Xiaomi announced the Mi MIX 4 with four versions priced from RMB 4,999 ($770) to RMB 6,299.
Luckin Coffee said to be mulling new funding round
Chinese coffee chain Luckin Coffee is mulling new funding round with participants including Foucstar Capital, an investment platform owned by Fivestar Holdings, New Consumer Daily reported Tuesday. Fivestar is a potential participant in a new round of funding for Luckin Coffee, but can't say it's a confirmed participant yet, the company said. Luckin Coffee responded…
https://cntechpost.com/2021/08/11/luckin-coffee-said-to-be-mulling-new-funding-round/
Chinese coffee chain Luckin Coffee is mulling new funding round with participants including Foucstar Capital, an investment platform owned by Fivestar Holdings, New Consumer Daily reported Tuesday. Fivestar is a potential participant in a new round of funding for Luckin Coffee, but can't say it's a confirmed participant yet, the company said. Luckin Coffee responded…
https://cntechpost.com/2021/08/11/luckin-coffee-said-to-be-mulling-new-funding-round/
CnTechPost
Luckin Coffee said to be mulling new funding round - CnTechPost
Luckin Coffee is mulling new funding round with participants including Foucstar Capital, local media reported.