SMIC's Q3 2024 Revenue and Net Profit Soar, Outshining GlobalFoundries: The Rise of a Chip Giant Under China's Domestic Substitution StrategySMIC (Semiconductor Manufacturing International Corporation) delivered stunning Q3 2024 results: revenue reached a remarkable 15.6 billion RMB (approximately $2...

ZTE and HuaDa BeiDou Announce Strategic Partnership to Build a Secure Foundation for "5G+BeiDou" Intelligent Connected VehiclesOn November 27th, ZTE Corporation and Shenzhen HuaDa BeiDou Technology Co., Ltd...

Former Apple Executive Joins Hi-P International Board, Bolstering Global Expansion StrategyDuco Pasmooij, a former Apple executive, joined the board of Singapore-based manufacturing services provider Hi-P International on November 11th as an independent director. He also chairs the newly established Technology, Transformation, and Sustainability Committee...

Lotus Ditches 2028 All-Electric Goal, Shifts to "Super Hybrid" StrategyLotus Cars recently announced a significant strategic shift, abandoning its previously planned 2028 transition to all-electric vehicles and instead focusing on developing "super hybrid" technology. This decision marks a more flexible and pragmatic approach to Lotus's electrification journey, aimed at enhancing product competitiveness and better adapting to the current market environment...

Zhong Shanshan Slams Pinduoduo's Low-Price Strategy: Who's Paying for E-commerce Price Wars?Recently, Nongfu Spring chairman Zhong Shanshan, during an inspection trip to Ganzhou, Jiangxi province, sharply criticized the price wars prevalent in e-commerce platforms, particularly Pinduoduo's "hundreds of billions subsidy" strategy. He believes this low-price tactic is not only a case of "bad money driving out good," but also significantly harms Chinese brands and industries, reflecting deeper underlying issues in industrial development...

Airbus's Multi-Billion Dollar Outsourcing to India: A Cost-Cutting Strategy or a Global Aviation Safety Risk?China, the world's largest aviation market, is a key target for Airbus. The April 2023 mega-deal underscores this, with Airbus executives viewing China as its biggest client and possessing immense market potential...

China Telecom Global and Tencent Cloud Sign Strategic Cooperation Agreement to Empower Chinese Enterprises' Global DevelopmentChina Telecom Global Limited ("China Telecom Global") and Tencent Cloud recently signed a strategic cooperation agreement, marking a deeper and broader collaboration to support Chinese enterprises in their global expansion. This strategic partnership encompasses multiple areas, including cross-border dedicated lines, overseas digital infrastructure, overseas cloud service sales, and overseas data acceleration...

DRAM Price Decline Accelerates: Downward Pressure on the Market to Continue Through 2025The fourth quarter is a critical period for DRAM industry contract pricing, and market dynamics are undergoing significant changes. According to the latest report from TrendForce, the decline in DRAM prices is accelerating, driven by a double whammy of oversupply and weak demand...

Shenzhou 15 Orbital Module Falls in Los Angeles: A Global "Extraterrestrial Visitor" EventA video taken by a young boy in the US and quickly spreading online shows a metallic capsule falling into his backyard, sparking global attention. The video also rapidly trended in China, with the hashtag Shenzhou15OrbitalModuleFallsInLA generating much online discussion and jokes about an "extraterrestrial visitor...

China's Methane Hydrates: Challenges and Opportunities Behind the World's Largest ReservesWith the continuous growth of global energy demand and increasingly severe environmental problems, methane hydrates (also known as combustible ice or natural gas hydrates) have attracted widespread attention worldwide as a new type of clean energy. China, boasting the world's largest reserves of methane hydrates, holds a significant position in this field, but also faces enormous technological, economic, and environmental challenges...

360 Group and China Telecom Yunnan Company Sign Strategic Cooperation Agreement to Forge a New Digital Security LandscapeOn November 13th, 360 Group and China Telecom Yunnan Company officially signed a strategic cooperation agreement. Both parties will engage in in-depth collaboration centered around digital security, artificial intelligence, and government and enterprise ICT projects, jointly building a service ecosystem with complementary advantages and resource sharing...

State Grid Corporation of China's Comprehensive Smart Energy Company Partners with Alibaba DAMO Academy to Empower Industrial and Commercial Energy Storage Efficiency with Minute-Level Intelligent Charging and Discharging StrategiesState Grid Corporation of China's Comprehensive Smart Energy Company (hereinafter referred to as "State Grid Comprehensive Energy"), leveraging the "Tianshu No. 1" Smart Energy Internet of Things platform and Alibaba DAMO Academy's optimization solver, has developed the country's first optimization solution subsystem for industrial and commercial energy storage...