Month: December 2023
Xiaomi Releases First Electric Car SU7
Xiaomi has revealed the SU7, its first electric car to compete with Tesla and Porsche for a spot among the top five automakers in the [more…]
China Unveils New Gaming Regulations
Chinese regulators have announced rules aimed at curbing spending and rewards in video games, causing panic among investors. Online games are not allowed to provide rewards [more…]
China’s Imports of Lithography Equipment increase 1050%
China’s semiconductor manufacturer’s imports of foreign lithography equipment has increased by 1050% in November, despite US restrictions. In November, China imported 16 units of lithography [more…]
Alibaba To Partially Sell Off Stake in XPeng
Alibaba’s Taobao China plans to sell 25 million shares of Xpeng’s American Depositary Shares (ADSs), worth about $391 million, following this news a 7.54 percent [more…]
PBOC Keeps Prime Lending Rates Steady
The benchmark lending rates of Chinese banks have not changed, suggesting that more monetary easing is anticipated in the first part of 2024. After reducing [more…]
SMIC and Huawei Make 5 nm Breakthrough
Despite US limitations, Semiconductor Manufacturing International Corporation (SMIC) may have broken through the 5nm manufacturing barrier by creating a chip for Huawei. The Chinese IT [more…]
Ant Group and Huawei Partner to Create Native HarmonyOS Apps
Chinese financial technology giant Ant Group has partnered with Huawei to develop native applications for the HarmonyOS operating system. The move follows previous collaborations with [more…]
