TikTok’s ad revenue hits a 300% growth rate
While TikTok’s ad revenue is growing at a 300% compound annual growth rate, ByteDance’s advertising revenue in China has stagnated, despite recent growth in TikTok’s e-commerce business.
WeChat payment is trialled on the Taobao App
Taobao has opened a small range of WeChat Pay functions for internal testing and has introduced two WeChat Pay payment methods to the payment options.
Former XPeng autonomous driving product director joins NIO
Huang Xin, former director of autonomous driving product of XPeng Automobile, joined NIO (a Chinese automobile manufacturer) as vice president.
TSMC and Samsung urge the U.S. to open its $52 billion chip subsidy plan
TSMC and Samsung Electronics urged the U.S. to allow foreign companies to participate in the $52 billion subsidy plan.
Microsoft security chief is stressing the need for metaverse security
All software developers and users must consider ahead of time how to keep the metaverse safe and avoid hackers, abuse, harassment and so on.
Huawei responds to Russian company’s testing of the Harmony OS
Due to U.S. sanctions, Google has halted the certification of smartphones from a Russian telephone company, BQ, from running Android operating systems.
Chinese local policies support ready-to-cook food industry
Ready-to-cook foods are increasingly popular in the Chinese market and local policies are changing to reflect the trend.
Removing additional tariffs on US-China trade may ease inflation
On March 24, the spokesperson of The Ministry of Commerce of China Shu Jueting, said that China expects the United States to cancel all additional tariffs imposed on China as soon as possible.
Shell and BYD sign collaboration agreement for electric vehicle charging
On March 24, oil and energy company Shell plc and Chinese automaker BYD signed a global strategic agreement to collaborate on charging terminals, home energy solutions, and the construction of electric vehicle service centres. The partnership will start in China
BYD teams up with NVIDIA for intelligent driving technology
Chinese automaker BYD announced on March 23 its collaboration with the graphics chip giant NVIDIA on intelligent driving technology.
Didi is venturing into the automobile manufacturing business
Didi has been preparing for its move into autonomous driving for quite some time and has started to establish its own R&D teams in Beijing and Shenzhen.
Environmental issues stymied Meta’s plans to build Dutch data centre
On March 22, The Dutch Senate passed a motion calling on the government to use its power to temporarily prohibit Meta (formerly known as Facebook) from building data centres in the Netherlands.