Guangzhou

Chinese driverless car start-up WeRide has made its first acquisition, an autonomous trucking firm called MoonX, as it looks to commercialize self-driving tech.

Xiaomi had a 17% share of global smartphone shipments, ahead of Apple’s 14% and behind Samsung’s 19%, according to Canalys.

Since Friday, China has stepped up its efforts to rein in the country’s cryptocurrency industry from mining bans to warnings to financial institutions.

Guangzhou saw a cluster of cases appear since May 21 prompting local lockdowns and mass testing, but daily new case numbers have started falling.

Guangzhou in south China is trying to stem the spread of the Delta Covid variant first found in India, taking measures including lockdowns and legal routes.

Authorities in Guangzhou have carried out more than 16 million coronavirus tests and locked down certain parts of the city to control a flare up of cases.

Huawei has launched HarmonyOS across several devices as it looks to wean itself off U.S. technology, a move that could pit it against Apple and Google.

WeRide is one of the many companies based in China pushing aggressively to take a lead in the autonomous driving space globally.

The disc version of Sony’s PlayStation 5 (PS5) will retail at 3,899 yuan ($602) while the digital-only model is priced at 3,099 yuan.

Bitcoin and other digital currencies plunged on Friday as U.S. President Joe Biden’s proposed capital gains tax hike led to a wave of selling.

Alibaba was fined 18.23 billion yuan ($2.8 billion) by Chinese regulators as a result of an anti-monopoly investigation.

Bitcoin mining consumes more energy per year than entire countries and China is looking to clean up its consumption.

Since its $1.5 billion U.S. initial public offering last year, Xpeng Motors has raised money to fuel growth and battle against domestic rivals as well as Tesla.

The Xiaomi Mi Mix Fold foldable smartphone contains the Surge C1, Xiaomi’s first in-house camera chipset.

Xiaomi will compete with carmakers BYD and Nio, as well as new entrants including search giant Baidu.

The Mi 11 Ultra is a smartphone aimed at international markets in the premium segment as Xiaomi looks to boost its market share in the high-end space.

Tencent Music, which is listed on the New York Stock Exchange, lost about a third of its value last week amid a sell-off in Chinese technology stocks.

Bilibili said on Tuesday that it will price the 25 million shares it will issue at 808 Hong Kong dollars each.

Bilibili, a streaming service popular with young Chinese users, said it would issue 25,000,000 shares as part of the Hong Kong offering.

Huawei will begin charging smartphone makers a fee for using its patented 5G technology in a move that could open new revenue streams for the embattled giant.