China’s state-owned automotive manufacturer SAIC Motor has officially marched into the country’s online ride hailing market, currently dominated by Didi Chuxing, with the launch of its own ride hailing platform, according to a statement rel……
China’s Central Bank Grants AmEx License To Launch Payment Network
American Express (AmEx) has received approval from China’s central bank to kick-start its own payment network in mainland China through a joint venture formed with China’s fintech service company LianLian, according to a statement released ……
Beijing Builds Self-Driving Test Zone On 4M Cubic Meters Of Construction Waste In Daxing
Chinese government has built an autonomous driving test site in Daxing district of Beijing at an old industrial compound made of construction waste. The site occupies nearly 373 thousand square meters and could support tests with a speed up to 8 kilome……
China’s Smartphone Giant Xiaomi Forays Into British Market, Launches AI-Powered Smartphone MI 8 Pro
Chinese smartphone giant Xiaomi Corporation has officially entered the British market, with the global launch of its flagship Mi 8 Pro, marking its foray into the fourth European country within a year after Spain, France and Italy. The company’s ……
China Cracks Down On Reports Of Petrochemical Leakage In Quanzhou
Fishermen in China’s Quanzhou city, Fujian Province suffered a petrochemical raw material leakage in the early morning of November 4. But not many people elsewhere in China knew of it as reporting on the incident has been tightly controlled. The leakag……
Chinese Smartphone Vendors Took 52% Of Global Shipment While Industry Faces More Headwinds
Chinese smartphone vendors saw their share of global shipment hitting a record high of 52% in the third quarter in 2018, despite global smartphone market continued to decline, according to a report released by analyst firm Canalys yesterday. During the……
China’s E-sports Fans Celebrate After Wang Sicong-Backed Team IG Wins LoL World Champion
Chinese esports team Invictus Gaming (iG) beat out European team Fnatic in a 3-0 sweep to win the Summoner’s Cup at the 2018 League of Legends (LoL) World Championship in Incheon, South Korea on November 3. China’s e-sports fans celebrated with a festi……
Sogou Unveils World’s First AI Synthesis News Anchor
The world’s first artificial intelligence (AI) synthesis anchor, developed by China’s search engine operator Sogou, Inc. and claimed to have the same broadcasting ability as that of a human anchor, was unveiled at an internet exposition on ……
China Unveils Stealth Combat Drone Model CH-7, Set For Mass Production By 2022
China has unveiled a stealth combat drone model, which could become the first stealth drone available in the global market, at the largest airshow on Tuesday in the coastal city of Zhuhai to underscore the country’s aviation ambitions. The stealt……
Chinese VC Firm Joy Capital To Raise $300M For Its Third Fund
Chinese venture capital firm Joy Capital is looking to raise up to US$300 million for a new opportunity fund, according to its filing with SEC on Friday. The new fund, Joy Capital Opportunity, will make early stage and late stage venture investments in……
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