China Tech Digest: Ant Group Sets Up Restructuring Work Group

Chinese official said Ant Group has set up a restructuring work group

Chen Yulu, deputy governor of the Chinese central bank, said at a press conference of the State Council Information Office today that under the guidance of the financial management department, Ant Group has established a restructuring work group and is stepping up to formulate a restructuring timetable while maintaining business continuity and normal business operations, to ensure the quality of public financial services.

The financial management department is also maintaining close supervisory communication with Ant Group, and relevant work progress will be released in time.

BlackBerry sells nearly 100 smartphone patents to Huawei

BlackBerry has recently sold 90 smartphone technology patents to Huawei. After the announcement, BlackBerry’s chief financial officer Steve Rai also confirmed the news at the JPMorgan Chase online investor conference.

In the past few years, BlackBerry has been seeking to get rid of its smartphone business. BlackBerry stopped the production line of its smartphone business as early as 2016 and shifted its focus to the fields of enterprise services, Internet of Things and security software, but the company still has a large number of patents related to these devices. The sale of some patents also shows that the company intends to invest its energy in other businesses.

Shanghai’s actual use of foreign capital in 2020 hits a new high

Despite the impact of the Covid pandemic, Shanghai’s actual use of foreign capital reached 20.233 billion US dollars in 2020, an increase of 6.2% year-on-year, a record high.

According to the Shanghai Municipal Commission of Commerce, by the end of 2020, Shanghai has introduced a total of 771 regional headquarters of multinational companies and 481 foreign R&D centers.

In the next step, Shanghai will further expand its opening up and make every effort to implement the "Shanghai Foreign Investment Regulations."

Guangdong has over 124,000 5G base stations with wide coverage in the Pearl River Delta

It is learned from the Guangdong Provincial Department of Industry and Information Technology that so far, Guangdong has built more than 124,000 5G base stations, basically realizing full coverage of 5G networks in Shenzhen, continuous coverage of major urban areas in Guangzhou, and wide coverage of central urban areas in the Pearl River Delta.

According to Tu Gaokun, director of the Guangdong Provincial Department of Industry and Information Technology, Guangdong is currently vigorously implementing two rounds of three-year action plans for information infrastructure construction, and has introduced measures to accelerate the development of 5G industry, 5G base stations and data center layout plans.

"In 2021, Guangdong will comprehensively promote the large-scale construction of 5G networks, the construction of 700M5G networks, and the construction of data centers in the eastern, western, and northern regions of Guangdong."

A satellite intelligent production line was put into trial operation in Wuhan

The batch production satellite intelligent production line of Aerospace Science, Industry and Space Engineering Development Co., Ltd. has been put into trial operation in Wuhan.

This production line can produce more than 240 small satellites per year. This production line can achieve precise perception of the production process, real-time quality control of key processes, and the entire manufacturing process with data acquisition and control.

China to establish a basic security standard system for the Internet of Things by 2022

The Ministry of Industry and Information Technology publicly solicits opinions on a guideline for IoT security. The draft opinion proposes that by 2022, a basic security standard system for the Internet of Things will be initially established, more than 10 key industry standards will be developed, and the security requirements for key basic links such as IoT terminals, gateways, and platforms will be clarified to meet the basic security needs of the Internet of Things.

By 2025, China will promote the formation of a complete basic security standard system for the Internet of Things, develop more than 30 industry standards, improve the coverage of the standards in subdivided industries and fields, and improve the security level of cross-industry Internet of Things applications.

The chip foundry industry’s revenue is expected to reach 92 billion US dollars in 2021, a year-on-year increase of 12%

Counterpoint Research, a market research agency, said that in 2020, the global chip foundry industry revenue will be approximately US$82 billion, a year-on-year increase of 23%.

Although this base figure is very high, revenue in 2021 is expected to increase by 12% year-on-year to US$92 billion.

The growth momentum of the global chip foundry industry in 2021 will come from the increase in chip shipments and price increases, which were very rare in the past.

Especially since the production capacity of 8-inch chip factories has been tight since the second half of 2020, some suppliers have raised the average price of chips by 10%.

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