Industry Archives

Mobvoi Officially Submitted Its Listing Application to the Stock Exchange of Hong Kong

On May 30th, The Stock Exchange of Hong Kong documents showed that the artificial intelligence company Mobvoi submitted an IPO application to the exchange, aiming to become the first AIGC stock. China International Capital Corporation and CMB International Capital Holdings are joint sponsors.

Apple To Hold Its First Ever E-commerce Live Event

As China's “618” shopping festival is drawing near, the Apple Store Official Flagship announced that it will conduct its first ever e-commerce live event. The event will take place at 19:00 on May 31 on Tmall, marking the first time that Apple has officially organized a live event on an e-commerce platform.

Didi, T3 Go, and Caocao Mobility Are Promoting Unmanned Ride-hailing Services

In recent years, the competition in the online ride-hailing industry has become increasingly fierce. Autonomous driving has become an important focus for online ride-hailing platforms. Didi, T3 Go, Cao Cao Mobility and other online ride-hailing platforms have successively announced their plans for autonomous driving and proposed "small goals".

Meituan’s AI Model in Development, Predicts Major Changes

During the earnings call, Meituan's founder&CEO, Wang Xing, discussed the latest trends in AI and the company's ongoing development of AI models.

Alibaba Denies Recent Layoff Rumors

On May 25th, Alibaba Group refuted recent rumors of large-scale layoffs. In an official announcement on social media, the company stated that it plans to hire 15,000 new employees in 2023 across its six business units, with over 3,000 of these positions designated for new graduates.

BYD’s Shares Plummet After Being Reported by Great Wall Motors

On May 25, 2023, BYD shares took a dive in the middle of the trading day. As of the time of publication, BYD's A-shares have fallen by 0.73%, and H-shares by 1.77%.

XPeng Motors Sees Q1 2023 Revenue Plummet 45.9%, CEO He Xiaopeng Predicts G6 Model will be a Hit

XPeng Motors has announced its financial results for the first quarter of 2023, which reveal a significant drop in revenue of 45.9%, but CEO He Xiaopeng remains confident about the G6 Model.

Xiaomi Reports Q1 2023 Performance: Progress in Chip Production, Electric Vehicles, and AI

Xiaomi has reported its Q1 2023 performance. In this quarter, the company achieved revenue of 8.42 billion USD, and an adjusted net profit of 452.6 million USD, marking a 13% year-on-year increase and a 121% sequential increase.

ByteDance Founder Establishes Personal Investment Fund in Hong Kong

Two years after stepping down as CEO of ByteDance, founder Zhang Yiming has launched a personal investment fund in Hong Kong. The fund, named Cool River Venture, is registered as a private limited company and is wholly owned by Galaxy LLC. Zhang Yiming serves as the director of the fund.

Research Institute Responds to Bing Overtaking Baidu’s Desktop Market Share in China: Statistics Show Anomalies, Investigation Underway

According to data from the American research institution Statcounter, in April 2023, Microsoft's Bing search engine surpassed Baidu in terms of market share for desktop searches in China. This news has sparked a heated discussion online.

Shenzhou-16 Is Expected to Launch on May 30th

On May 22nd, the Long March 2F Y16 rocket carrying the Shenzhou-16 manned spacecraft mission was transported vertically to the launch area at Jiuquan Satellite Launch Center, China.

Faraday Future Launches the “Mission Farad” Platform

On May 22nd, Faraday Future (also known as "FF") officially announced the launch of the "Mission Farad" platform, which integrates many benefits of its user co-creation and sharing concept. For example, users can become partners of Jia Yueting.

Tencent’s WeChat Releases Palm Pay

On May 21st, according to WeChat’s blog, WeChat Palm Pay was officially released. Users can currently perform palm payment on face recognition devices. They need to bind their personal WeChat account to the device and record the palm print. When making a purchase, simply place the hand over the scanning area of the payment device […]

China’s Zhurong Rover Discoveres That Mars Once Had An Ocean

Recently, an international research team led by Professor Xiao Long from the School of Earth Sciences at China University of Geosciences (Wuhan) discovered for the first time on the surface of Mars evidence of marine sedimentary rocks through comprehensive analysis of scientific data obtained from the multispectral camera (MSCam) carried by the Zhurong rover, proving […]

DJI Staff Denies Rumors of Withdrawing from the US Market

On May 17th, in response to recent online rumors such as "DJI refuses to pay fines" and "DJI exits the US market", DJI staff made a clear denial and pointed out that DJI has not conveyed any related information in any official company statement or external communication.

Miniso Focuses on Expanding Its Presence in the American Market

On May 17th, Zhang Jingjing, the Chief Financial Officer of Miniso, a Chinese retailer of household consumer goods, stated in an interview that the US market will be a key focus for future expansion.

China Successfully Launches 56th BeiDou Navigation Satellite

On May 17th, at 10:49 am, China successfully launched the 56th BeiDou Navigation Satellite (GEO-4) using a Long March-3B carrier rocket at the Xichang Satellite Launch Center.

Huawei Proprietary Chips to Return in H2 of This Year

Huawei will have a big move in the second half of the year. Its self-developed chips may start to emerge and chips named Ascend, Kunpeng, Tiangang and Balong will all return.

Tencent Cloud Cuts Prices of Core Products, with Highest Reduction Reaching 40%

A new round of price wars in the cloud service market is underway. Following Alibaba Cloud's announcement of a comprehensive price reduction for its core products, Tencent Cloud also announced on May 16 that it will reduce prices for multiple core cloud products.

Futu and UP Fintech to Remove Apps From Chinese App Store

On May 16, leading online brokers Futu Holdings and UP Fintech Holding Limited, known as “Tiger Brokers” in Asia, successively announced that their apps will be removed from app stores on the Chinese mainland.

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