Xinmei Shen

3 weeks ago | scmp.com | Xinmei Shen

iPhone shipments in China are expected to drop further this year, partly because of rising competition from domestic brands, according to market research firm IDC, as Apple faces growing headwinds in the world’s largest smartphone market. Apple’s smartphone shipments in China were forecast to fall 1.9 per cent in 2025 owing to ongoing competition from Huawei Technologies and a broader economic slowdown in the country, the consultancy said in a report on Thursday.

4 weeks ago | scmp.com | Xinmei Shen

China’s top humanoid robot start-up Unitree Robotics has converted into a company limited by shares, a move that has fanned speculation around its public listing plans, as Chinese robotics firms rapidly expand amid the country’s fervour for the artificial intelligence (AI)-enabled machines.

1 month ago | scmp.com | Xinmei Shen

Chinese smartphone maker Honor has joined the country’s heated race to develop robots, as it aims to reposition itself as an artificial intelligence (AI) player amid heightened competition in the Android handset market. Honor said on Wednesday that it would develop its own robots, and that it had already helped Chinese start-up Unitree Robotics break the record for running speed by a humanoid robot.

1 month ago | scmp.com | Xinmei Shen

Xiaomi’s first-quarter revenue surged nearly 50 per cent, as the Chinese smartphone giant doubled down on new initiatives, including electric vehicles (EVs) and semiconductors. Revenue for the three months ended March 31 reached 111.2 billion yuan (US$16.46 billion), up 47.4 per cent year on year, the company said on Tuesday. Adjusted net profit reached a record high of 10.68 billion yuan, up 64.5 per cent from the year-earlier period.

1 month ago | scmp.com | Xinmei Shen

The cryptocurrency industry has continued to advance, with bitcoin prices hitting a record high earlier this week. Stablecoins have come under the spotlight as regulators in Hong Kong and the US push for legislation for the popular tokens. Here we answer five common questions about stablecoins. What are stablecoins and how are they used? Stablecoins are a type of cryptocurrency token that maintain a fixed value by being pegged to a reference asset, typically fiat currencies such as the US dollar.