China Tech Digest: Online Food Delivery Users Reach 500M, China Box Office Hit RMB20B In2020


The NYSE will delist three Chinese operators in accordance with the Trump administration’s executive order

The New York Stock Exchange announced on December 31 that, in order to comply with the Trump administration’s executive order prohibiting Americans from investing in “Chinese companies with military backgrounds”, it will impose an investigation on three Chinese companies: China Unicom (Hong Kong), China Mobile and China Telecom.

According to the exchange’s statement, China Mobile, China Telecom, and China Unicom (Hong Kong) will delist from January 7 to January 11.

In 2020, China’s overall order volume of food delivery nationwide reached 500 million users

According to the latest data, as of the end of 2020, the total order volume of food delivery nationwide will reach RMB17.12 billion, an increase of 7.5% year-on-year, and the transaction scale of the national food delivery market will reach RMB835.2 billion yuan, an increase of 14.8%.

The number of take-out users in China is close to 500 million. Those born in the 1980s and 1990s are the backbone of catering take-out services. Consumers using catering take-out services are no longer limited to the traditional three meals a day. Afternoon tea and night meals have become consumers new favorite of takeout.

2020 Chinese box office revenue totaled RMB20.417 billion yuan

The National Film Administration released data on the 1st. In 2020, the total box office of Chinese movies reached RMB20.417 billion yuan, of which domestic movies accounted for 83.72%; the number of movie viewers in urban theaters was RMB548 million.

Facing the severe impact of the pandemic, China has taken the lead in the global film market to recover and continues to pick up.


China Banking Regulatory Commission said that all Internet platforms shall conduct self-examination and corrective actions as soon as possible

The heads of relevant departments of the China Banking and Insurance Regulatory Commission stated that recently the four central financial management ministries and commissions once again interviewed Ant Group. The outstanding issues and rectification requirements emphasized are not only individual, but also universal.

It is recommended that all Internet platforms shall conduct self-examination and corrective actions as soon as possible. In particular, institutions involved in online microfinance, insurance, financial management, trust and other businesses must step up their efforts, and the regulatory authorities will arrange inspections later.

National railways are expected to send 9.5 million passengers on the first day of the New Year’s holiday

On January 1, there was a small peak in the railway passenger flow. The national railways are expected to send 9.5 million passengers. The railway department arranged to open 543 additional passenger trains to serve passengers.

On December 31, the first day of transportation during the New Year’s Day holiday, national railways sent 9.104 million passengers, an increase of 1.7% year-on-year. There were 8,934 passenger trains, including 493 additional trains; 10.28 million tickets were sold throughout the day, of which 8.896 million were sold on the Internet, accounting for 86.5%.

The first domestic self-driving tram successfully tested in Huaian, Jiangsu

On December 28, China’s first self-driving tram completed the mainline test section in Huaian, Jiangsu. This operation has realized automatic driving functions such as signal light recognition, entry marking, stop opening and closing doors, crossing whistle, obstacle detection, and driving braking under real traffic environment.

Ministry of Commerce: China’s total service imports and exports from January to November 2020 are RMB4078.19 billion yuan

On January 1, the Ministry of Commerce introduced China’s service trade from January to November 2020. In the first 11 months, total service imports and exports totaled RMB4,078.19 billion yuan, down 16.3% year-on-year, showing an overall trend of stabilization.

Service exports performed significantly better than imports, the trade deficit decreased, and the proportion of knowledge-intensive service trade increased.

SMIC announces the list of new board of directors, Liang Mengsong still serves as co-CEO

On the evening of December 31, the latest list of directors announced by SMIC showed that Liang Mengsong will still serve as co-CEO. SMIC has previously announced that Liang Mengsong, co-CEO of R&D, intends to resign after the company said that it has appointed former TSMC veteran Jiang Shangyi as vice chairman.

Xpeng Motors announces a cooperation with Livox, which is incubated by DJI

Xpeng Motors announced that it has reached a cooperation with Livox, which is incubated by DJI, and will use its customized version of Xpeng’s car-level lidar on the new mass-produced models launched in 2021. Livox has also officially become Xpeng’s laser radar supplier. Previously, DJI’s Livox released Lidar products targeting the autonomous driving sector.

Xpeng will launch a flying car at the end of 2021 for test rides

Regarding the future trends of Xpeng Motors, founder He Xiaopeng revealed that a flying car will be launched at the end of 2021, and test drives can be available.

China Telecom launches its first quantum secure call product

Recently, China Telecom officially announced that it has launched the industry’s first quantum secure communication product "Quantum Secret Talk". This product was developed by China Telecom Quantum Technology, a holding company of China Telecom, with high-level security and implemented in the form of an App. It has been applied to a variety of Android models and successfully tested in Anhui.

WM Motors: China’s first L4 self-driving mass production model is about to come out

WM’s founder, chairman and CEO Freeman Shen posted on his personal Weibo that what is most anticipated in 2021 is that the new car with AVP (Cloud Intelligent Unmanned Parking System) jointly created by WM and Baidu will be rolled off the assembly line. "This will be the first domestic mass-produced model equipped with Level 4 autonomous driving functions," he said.

Shanghai finds first case of mutated new coronavirus infection from the UK

According to a research report published by the Chinese Center for Disease Control and Prevention on December 30, 2020, mainland China reported the first case of mutated covid infection originally found in the UK.

The case is a 23-year-old female student who recently returned to Shanghai by plane from the UK. She tested positive for the new crown virus on December 14 and was transferred to the hospital for isolation that night.

The genetic sequencing results on December 24 showed that the virus strain was different from the previously detected virus strain. Further research confirmed that the patient had a variant virus previously discovered in the UK.

Tesla China-made Model Y and new Model 3 are officially on sale

Tesla announced today that the domestically produced medium-sized SUV Model Y and the new Model 3 are officially on sale. This is the first time that Tesla has started to sell a full line of "SEXY" combination products in China.

The data shows that the Model Y Performance high-performance version and the dual-motor all-wheel-drive version are priced at RMB339,900 yuan. The starting price of the new Model 3 standard battery life upgrade version remains unchanged from RMB249,900 yuan, and Tesla also launched the Model 3 Performance high-performance version, priced at RMB339,900 yuan.

After friendly negotiation between the two parties, Tencent game-related products have been restored in Huawei Game Center

Tencent Games announced that after friendly negotiations between the two parties, Tencent games-related products have been restored to the shelves of Huawei Game Center.

In the early hours of this morning, Huawei completely delisted Tencent Games, claiming that Tencent Games unilaterally made major changes to the cooperation between the two parties on December 31, 2020.

 
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