China Tech Digest: Megvii Launches A-Share Listing Counseling

Chinese AI company Megvii Technology launches A-share listing counseling

The Beijing Securities Regulatory Bureau announced that Megvii is accepting CITIC Securities’ listing guidance and plans to list on the Science and Technology Innovation Board through the public issuance of China Depository Receipts (CDR).

UBS: China’s Internet healthcare is expected to become a trillion-level market

Tan Yawen, a pharmaceutical industry analyst at UBS Securities, said when introducing China’s Internet medical industry that China’s Internet medical industry has an optimistic outlook and is expected to become a trillion-level market.

However, it should be noted that compliance, payment, user habit training will affect the pace of development of the entire industry and require market exploration.

Beijing: The digital economy is developing rapidly, accounting for nearly 40% of GDP

An official at the Beijing government said during the "14th Five-Year Plan" period, Beijing will strive to build a benchmark city for the global digital economy. According to national statistics, in 2019, the added value of Beijing’s digital economy exceeded RMB1.3 trillion yuan, accounting for 38% of GDP.

CICC: Cross-border e-commerce is expected to maintain a growth rate of 30% in the next four years

CICC pointed out that in 2020, the pandemic will accelerate global online retail. CICC expects China’s cross-border e-commerce B2C exports to exceed RMB2.1 trillion yuan. The penetration rate of cross-border e-commerce retail exports is less than 16%, and the penetration rate of overseas online shopping is less than 20%. There is much room for improvement.

In the past four years, the CAGR of cross-border e-commerce B2C exports has exceeded 60%, and the growth rate in the first three quarters of 2020 under the customs standard exceeds 50%.

E-commerce is expected to maintain a growth rate of 30% in the next four years and exceed RMB6 trillion yuan in 2024.

Chinese scientists realize long-distance quantum entanglement purification for the first time

It was learned from the University of Science and Technology of China on January 12 that the team of Academician Guo Guangcan of the school has made important progress in quantum communication and quantum network research: the team’s Li Chuanfeng and Liu Biheng research groups cooperated with Nanjing University of Posts and Telecommunications Sheng Yubo and others to use high-quality ultra entanglement source, for the first time, realized the long-distance quantum entanglement purification of 11 kilometers, and the purification efficiency was more than 6000 times higher than the previous level. The research results have been published in the internationally renowned journal "Physics Review Letters" recently.

18 million iPhone 12 series sold in China in the fourth quarter of 2020

In the fourth quarter of 2020, Apple’s iPhone 12 series sold 18 million units in China, exceeding expectations.

Full coverage of 5G signals will be realized within Beijing Chaoyang Fifth Ring Road

The "Two Sessions" of Chaoyang District yesterday said that Chaoyang District will accelerate the formation of a high-quality digital economy development pattern around the Zhongguancun Chaoyang Park, CBD, Olympics, National Cultural and Creative Experimental Zone, and Jinzhan International Cooperation Service Zone to build a leading domestic and world-class digital economy demonstration zone.

During the "14th Five-Year Plan" period, a total of more than 5,000 5G base stations will be built to achieve full coverage of 5G signals within the Fifth Ring Road. The airport highway, Chang’an Avenue, China World Trade Center, Chaoyang Park and other areas will be built into 5G commercial core areas.

BMW sets record sales in China in 2020

According to data released by the German BMW Group, the company delivered about 777,000 BMW and MINI brand cars in the Chinese market in 2020, an increase of 7.4% over the previous year, setting the best sales record since entering the Chinese market in 1994.

Statistics show that in the fourth quarter of last year, the BMW Group delivered approximately 218,000 vehicles in the Chinese market, an increase of 10.1% year-on-year.

Sources say that iPhone 13 will be sampled at Foxconn Shenzhen factory

According to informed sources, some workshops of the Foxconn Shenzhen factory are about to enter the first stage of iPhone 13 proofing. It is understood that proofing is generally divided into design modules, corrections, finalization, and mass production. It usually takes 9 months from proofing to mass production.

Apple usually releases a new generation of iPhone in September each year. In 2020, due to the pandemic, the supply chain will be tight. It is rare for Apple to span the entire iPhone 12 series from release to sale for three months.

Huawei discloses "quantum key" related patents

The Tianyan Check App showed that on January 12, Huawei Technologies Co., Ltd. was authorized to publish a patent related to "a quantum key distribution system, method, and equipment" with the publication number CN108737083B and the legal status is authorized.

The patent abstract shows that the patent is a quantum key distribution system, method and device, which helps reduce the complexity and cost of quantum key distribution.

Tencent Music is considering a second listing in Hong Kong

Tencent Music is considering a second listing in Hong Kong and plans to raise US$2 billion.

China Expert Network
Introducing Finley, the fintech newsbot from China Money Network! Using state-of-the-art machine learning technologies, Finley scours the globe for immediately usable data about the latest private equity deals, venture capital funding rounds, and business expansions happening in China. Finley asks: Who's buying whom? What company just raised new capital? What is the relationship among the parties? Then Finley uses his very real artificial intelligence to decipher that unstructured data to write news articles for you to read. So from unstructured data to a news story you can understand, China Money Network's Finley is your fintech newsbot business partner!