Articles

  • 1 week ago | scmp.com | Xinmei Shen

    Tesla plans to rely on built-in camera systems for its autonomous-driving push in China, instead of lidar sensors, as the American electric vehicle (EV) maker still awaits Beijing’s approval of its full self-driving (FSD) feature for its mainland-assembled cars. The US carmaker will “adhere to visual processing solutions” to achieve safer intelligent driving in various scenarios, the company said in a post on Chinese microblogging platform Weibo on Sunday.

  • 1 week ago | scmp.com | Xinmei Shen

    Early figures from China’s two dominant mobile payment services, Alipay and WeChat Pay, showed strong inbound travel spending during the country’s five-day Labour Day holiday. Alipay, a unit under Ant Group, said in a statement on Monday that both the number of transactions and total spending by inbound travellers across 13 e-wallets in its network – including those from Hong Kong, Macau, Singapore, Pakistan and South Korea – doubled in the May 1 to 5 period from a year ago.

  • 1 week ago | scmp.com | Xinmei Shen

    Alibaba Group Holding has accelerated the launch of its nationwide fast-delivery service, intensifying the company’s rivalry with JD.com and Meituan, which could shape the future of China’s e-commerce market. Hangzhou-based Alibaba said its Taobao Instant Commerce initiative was introduced “ahead of schedule” on Friday, according to its post on Weibo.

  • 1 week ago | scmp.com | Xinmei Shen

    Apple reported a decline in revenue for mainland China, Hong Kong and Taiwan for the quarter ended March 29, as the US tech giant continued to lose ground in the Chinese market amid a trade war with the US and fierce domestic competition. Sales in the so-called Greater China region fell 2.25 per cent to US$16 billion, down from US$16.37 billion a year ago, according to its earnings statement released on Thursday, reflecting ongoing challenges in Apple’s second-largest market.

  • 1 week ago | scmp.com | Xinmei Shen

    Shoucheng Holdings, a Hong Kong-listed car park operator under state-owned steel producer Shougang Group, has pledged to invest in about 50 robotics firms on the mainland within the next few years, bolstering China’s efforts to lead this industry.

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Xinmei
Xinmei @shenxinmei
28 Apr 22

-76.7% according to CAICT https://t.co/7F62qktFGg

Xinmei
Xinmei @shenxinmei
22 Apr 22

But games are not the point, the point is getting more people into crypto. (warning. term “crypto bros” appeared at some point in this article https://t.co/NbNj1ctAXp

Xinmei
Xinmei @shenxinmei
5 Apr 22

RT @crypto: The hottest NFT marketplace is mostly users selling to themselves https://t.co/N2i87HLOTV