China Tech Digest: China Makes Breakthroughs In UAV Quantum Networking

China has become the world’s largest online retail market for 8 consecutive years

According to the Ministry of Commerce, in 2020, the online retail sales of physical goods will reach RMB9.8 trillion yuan, an increase of 14.8% against the trend, accounting for 24.9% of the total retail sales of consumer goods. China has become the world’s largest online retail market for eight consecutive years.

China’s UAV quantum networking research has made new breakthroughs

The team of Zhu Shining, an academician of the Chinese Academy of Sciences of Nanjing University, grouped two UAVs in the air. Through optical relay, entangled photons were distributed between two ground stations 1 km apart, which verified the feasibility of multi-node mobile quantum networking.

It marks a critical step towards practical application of quantum networks. Related results were recently published in the internationally renowned academic journal "Physics Review Letters".

Geely and Tencent Sign Strategic Cooperation Agreement

Geely Group and Tencent signed a strategic cooperation agreement in Hangzhou. The two parties will carry out all-round strategic cooperation in areas such as smart cockpits, autonomous driving, digital marketing, digital docking, digital new business and low-carbon development.

Tencent will help Geely complete the digital upgrade of the "full user life cycle" and open up the digital loop of the entire industry chain including product development, manufacturing, marketing, user operations, and after-sales service.

At the same time, the two parties will jointly promote the low-carbon development of the entire automotive industry chain and explore the establishment of a “carbon neutral” open platform through scientific and technological means and scientific management.

Blackstone, JD Logistics, Meituan bid for controlling shares of China’s logistics assets with a transaction value of US$2 billion

According to people familiar with the matter, buyers such as Blackstone Group, ESR Cayman Ltd. and JD Logistics are bidding for a controlling stake in China Logistics Assets Holding. The related transaction may trigger a US$2 billion acquisition of the third-largest modern warehousing company in China. Meituan also submitted a bid.

Douyin Pay officially launched

Douyin Payment has been officially launched in the Douyin App, the Chinese Tiktok. Users can choose Douyin to pay when on the app.

Earlier, Tianyancha data showed that Beijing ByteDance Technology has newly added "Douyin Payment" trademark information, the international classification is "Financial Property Management", and the trademark status is "Trademark Application".

In 2019, Beijing ByteDance Technology applied for the trademark of "Tik Tok", the category involves social services and advertising sales.

Tencent affiliates apply for patents related to vehicle simulation driving methods

The Tianyancha App showed that Tencent Technology (Shenzhen) Co., Ltd. recently published a patent entitled "Vehicle simulation driving method, device, electronic equipment and computer readable storage medium", the patent publication number is CN112230565A.

The application time is October 28, 2020. The patent abstract shows that the patent provides a vehicle simulation driving method, device, electronic equipment, and computer-readable storage medium, which involves the field of simulation driving.

BAI reached first closing of US$700 million and has invested in several projects

Bertelsmann Asia Investments (BAI) reached first closing of US$700 million for a new fund. Previously, BAI only had the media company Bertelsmann Group as its LP, and it had never raised external financing. This is the first time BAI raised external funding.

LPs are from many institutions, including national sovereign funds, large insurance companies, and Internet giants. This means that BAI will change from a corporate venture capital to a growth investment fund with a more diversified and market-oriented LP structure.

Huawei publishes patent for "Electronic Device with Flexible Screen" to enhance user gaming experience

The Tianyancha App showed that recently, Huawei Technologies published a patent entitled "A display method and electronic device for an electronic device with a flexible screen", and the application date is November 15, 2019.

The patent summary shows that this application provides a display method and electronic device for an electronic device with a flexible screen.

WM Motor and Baidu Apollo jointly developed a model to roll off the assembly line and deliver it in the first half of this year

WM Motor announced that WM W6, jointly developed with Baidu Apollo, rolled off the production line at WM Hubei base today and will be delivered in the first half of this year.

It is reported that WM W6 can realize unmanned driving in specific scenarios through Baidu Apollo cloud’s million-level TOPS computing power.

In addition, WM Motor founder Freeman Shen revealed that WM’s next-generation intelligent vehicle platform has been officially launched, and the sedan strategy will be launched in the second half of the year.

Alibaba sued Tencent for infringing on the right to disseminate information on the Internet, and received a compensation of RMB 432,000

The Tianyancha App showed that on January 15th, Alibaba sued Tencent for infringement of information network dissemination rights.

The plaintiff Alibaba Culture Media Co., Ltd. claimed that the defendants Tencent Technology Company, Tencent Computer Company, and Tencent Music Company used the products involved in the case of "Tencent Dingdong Intelligent Audiovisual Screen" and "Tencent Dingdong" APP without the authorization of the plaintiff through separate cooperation.

The result of the judgment was that within ten days from the effective date of this judgment, the defendant should compensate the plaintiff for economic losses and reasonable expenses for stopping infringement totaling RMB432,000.

The first domestic clinical trial of gene editing therapy was approved

The State Food and Drug Administration approved the clinical trial application of Zhongguancun Biomedical Enterprise Boya Jiyin’s gene editing therapy product ET-01 for blood transfusion-dependent β-thalassemia.

As an innovative treatment with no precedent in China, this is China’s first approved clinical trial application for gene editing therapy, and also the first approved clinical trial application for hematopoietic stem cell products.

Vivo affiliated company publishes patent for "Handwashing Monitoring Method and Device"

The Tianyancha App showed that on January 15th, Vivo Mobile Communications Co., Ltd., an affiliate of Vivo, published a number of patents, one of which is entitled "Handwashing Monitoring Method and Device", and the application date is October 2020 23rd.

The patent abstract shows that the technical solutions can to a certain extent solve the problems of large amount of calculation, high cost, and poor adaptability in the way of supervising user washing hands.