China Tech News

According to reports in Chinese local media, Chinese Internet tourism service group Ctrip and Japanese advertising and communication group Dentsu formally signed a strategic cooperation agreement in Tokyo.

With industrial resource development, tourism product development and a series of marketing activities, the two parties will promote Japanese travel destinations to international tourists, including Chinese tourists, and better serve global travelers visiting Japan.

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Chinese luxury e-commerce platform Secoo.com recently published its financial report for the third quarter of 2019, stating that the company's total operating revenue was CNY1.942 billion, which was about USD271.6 million and a year-on-year increase of 23.5%; and its net profit was CNY62.1 million, which was about USD8.7 million and a year-on-year increase of 38.3%.

If calculated by non-GAAP, Secoo's net profit was CNY64.7 million, which was about USD9.1 million and a year-on-year increase of 32%.

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Chinese open source technology community OSCHINA recently gained a strategic investment from Baidu.
OSCHINA said that they will use the fund to attract more open source technology talents, enhance technological research and development, and upgrade infrastructure. Meanwhile, OSCHINA will improve open source technology promotion and collaboration methods on product and operation levels.

Ma Yue, CEO of OSCHINA, said that OSCHINA will maintain its neutrality and continue independent operation and development. They will maintain and strengthen their commitment to developer freedom, openness, and innovation.
OSCHINA runs a code hosting and collaborative development platform named Gitee.com, which is a leading code hosting platform and developer ecology in China. So far, nearly four million developers have hosted more than six million code repositories on Gitee, including over 300 billion lines of code. Gitee enterprise edition supports the full process from enterprise R&D management to collaboration and it has accumulated more than 100,000 enterprise customers.

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Alibaba, Ant Financial and Industrial and Commercial Bank of China signed an agreement in Beijing to fully enhance their strategic cooperation.

With the cooperation, Alibaba and ICBC will launch a new cooperation partnership in which they will become each other's scenario, ecology and customer. Based on their existing cooperation, the two parties will realize further openness and sharing in financial business and fintech sector to achieve win-win cooperation.

In the financial business sector, the two parties will continue to optimize cooperation model focusing on customer experience. They will explore in-depth cooperation in electronic payment settlement, cross-border financial cooperation, and scene finance.

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Xiaomi Group published an announcement, stating that the company would grant a total of 48,925,550 incentive shares to 1,646 selected people in accordance to its share incentive plan.

The market value of those incentive shares is about HKD537 million, which means the average share value gained per person will be about HKD326,200. The implementation of the share incentive plan is a substantial appreciation of the efforts of employees.

On January 2, 2020, Xiaomi's chairman Lei Jun sent out the first all-employee letter for 2020, stating that the year of 2019 was a year of "stable operation" and "proactive progress" for Xiaomi. Meanwhile, he mentioned Xiaomi's dual-brand strategy, 5G strategy, overseas market revenue, and AIoT business.
In the letter, Lei expressed thanks to all Xiaomi employees and proposed hope for 2020. He believed that the year of 2020 is a "year of charge" for Xiaomi's 5G business and it is also a key year for Xiaomi to promote smartphone and AIoT.

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Tesla announced via its official WeChat that the company will build a research and development center in China to recruit outstanding talents and create orginal "Chinese style" Tesla cars.

According to Tesla, its Shanghai super plant was completed in October 2019 and Chinese-made Tesla has become reality. To realize the transfer from "made-in-China" to "design-in-China", Tesla's CEO Elon Musk raised a cool idea – to build a research and development center in China.

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China's ZTE and MTN Uganda recently hold a launch meeting with the theme of "Experience the Future Together" in Kampala, capital of Uganda, and the two parties jointly launched the first 5G SA network in East Africa.

During the launch meeting, ZTE and MTN Uganda demonstrated a high-speed 5G SA network with 60MHz spectrum bandwidth and its measured speed was over 1.494Gbps. The network can support various applications, including Cloud XR, ultra HD live, autonomous driving and remote surgery.
It is reportedly the first 5G SA network in East Africa and ZTE's end-to-end 5G devices such as Common Core were used in the deployment and operation.

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Alibaba's DingTalk, an intelligent mobile office platform, recently announced the launch of "employee health" service, which can realize online digital health management within organizations.

The service is opened to all corporate organizations for free.

It is said that the service provides features like daily health report, which offers rapid collection and real-time statistics of each person's health information. Its new epidemic template, sticky announcement and epidemic daily log ensure the transparent publicity of important epidemic information. Meanwhile, the epidemic information supports abnormal warning and users can set a visible range for sensible information, which can protect privacy of individuals.

By January 27, nearly 500,000 corporate organizations implemented online digital organizational health management via DingTalk and realized employee health care and epidemic prevention and control management.

By January 27, over six million enterprises, government organizations, schools, and medical institutions realized online office and remote collaboration via DingTalk.

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According to information from Hubei Provincial Communications Administration, Wuhan Leishenshan Hospital has fully completed communication facility construction and 5G network deployment.

At present, Leishenshan Hospital has realized gigabit network coverage, stable 5G signal reception, and its wireless network can support the communication need of 25,000 people. It is also applicable for remote command, remote consult, remote surgery and data transmission.

It is said that China Mobile, China Unicom, and China Telecom have made full efforts in building and opening 5G networks in Huoshenshan Hospital and Leishenshan Hospital to realize high-speed data Internet, data collection, remote consult, and remote monitor. China Mobile has invested nearly CNY60 million in the 4G and 5G network deployment in the two temporary hospitals, in addition to its CNY50 million cash donation to Hubei.

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According to reports in foreign media, Huawei will build a manufacturing base in Europe to make 5G devices that will be sold in the European market.

It is said that the building of the European plant will help Huawei persuade EU countries to abandon their harsh measures against this Chinese telecom company.

China's Huawei is one of the world's leading network technology suppliers and it is also one of the few companies that can provide the next-generation mobile technology. Others include Nokia and Ericsson.
In mid October 2019, Huawei revealed that the company had signed 65 commercial contracts and half of them were from European clients. Huawei's head of 5G business Yang Chaobin said that it showed European customers' trust in Huawei and the company was very grateful.

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