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...
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...
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 future belongs to robots, and China’s Robot Revolution is determined to be at the forefront of this transformation. While companies like Tesla have grabbed headlines with humanoid robots, China’s state-backed push promises a tidal wave of robotic workers unlike anything the world has seen. China’s Ambitious Roadmap In November 2023, the Chinese government laid out a...
The landscape of global science and technology is witnessing a shift in power dynamics, with China making significant strides and surpassing South Korea in advancements across 136 key technologies for the first time in 2022, according to a report by South Korea’s Ministry of Science and ICT. This report, which uses the US as the...