Xiaomi’s Revenue Growth and Smartphone Sales exceeded expectations with a 27% year-over-year increase in the first quarter of 2024, driven by a 33% jump in smartphone sales, reflecting a global recovery in handset shipments. The company’s total revenue reached 75.5 billion yuan (US$10.5 billion) during the quarter, exceeding the 73.5 billion yuan analysts had anticipated....
Chinese chipmaker SMIC has achieved a significant milestone, ranking as the world’s third-largest foundry by sales in the first quarter of 2024. SMIC Achieves Milestone as World’s Third-Largest Foundry against the backdrop of ongoing US trade restrictions. The Shanghai-based company captured 6% of the global chip foundry market share according to a report by tech research firm Counterpoint. Industry leaders TSMC of Taiwan and...
A significant breakthrough in battery technology has emerged from China. Scientists have unveiled a water-based battery with nearly double the energy density of lithium-ion batteries. This innovation, detailed in a recent study in Nature Energy, could revolutionize the electric vehicle industry. It may also expand applications for large-scale energy storage. The challenge of battery safety...
Li Jing’s story reflects a growing trend in China’s tech industry. Once a dedicated employee at a major tech firm, she worked long hours six days a week. Li eventually reached her limit. After a grueling period working until 11pm every night, she fainted at the office. This shift in China’s tech industry is driving...
Three astronauts from China’s Shenzhou-18 mission docked with the space station today, starting a new phase of scientific exploration. The Shenzhou-18 crew handover and new space experiments, led by Ye Guangfu, were greeted by Shenzhou-17 astronauts at 5:04 am Beijing Time. This meeting marks the fourth in-orbit crew handover for China’s space station. The six...
A new study paints a concerning picture for China’s sinking coastal cities. The research reveals that factors like groundwater extraction and building weight are causing these cities to sink rapidly. This subsidence, coupled with rising sea levels, threatens to put hundreds of millions at risk of flooding within the next century. Groundbreaking Research and Methodology...
China’s economic performance in the first quarter of 2024 surpassed expectations, with GDP growth reaching 5.3%. This positive momentum puts the country on track to achieve its annual target of around 5% growth, despite ongoing headwinds. Economists polled by Wind had previously predicted a more modest increase of 4.9%. This stronger-than-anticipated performance underscores a pick-up...
Singapore’s Deputy Prime Minister and Coordinating Minister for Economic Policies, Heng Swee Keat, spearheaded a delegation of around 30 members on a significant voyage to Shenzhen, China’s dynamic tech hub, on Tuesday. In a meticulously planned itinerary, the delegation embarked on a journey through the technological frontiers of Shenzhen, paying visits to a constellation of...
The recently released 2023 Shenzhen Robotics Industry Development White Paper, compiled by the Shenzhen Robotics Association, paints a picture of a burgeoning robotics sector in the southern Chinese metropolis. A staggering 10,408 new robotics companies registered in the city last year, representing a robust 19.62% year-on-year increase. This surge in new players is geographically concentrated,...
Shenzhen, a leading force in China’s cross-border e-commerce landscape, has shattered records in the first quarter of 2024. The city’s import and export volume in this sector surpassed a staggering 110 billion yuan (US$15.2 billion), marking a year-on-year surge of over 95%. This impressive figure not only sets a new high for Q1 but also...