China Tech Digest: SMIC Plans 28nm Chip Plant In Shenzhen; TikTok Said To Launch Group Chat

SMIC: The company and the Shenzhen government intend to invest in project development and operations via SMIC Shenzhen

SMIC said the company and Shenzhen Government (via Shenzhen Reorganization Group) plan to conduct project development and operations.

According to the plan, SMIC Shenzhen will carry out the development and operation of the project, focus on the production of integrated circuits and providing technical services in 28 nanometer chips, and is designed to achieve the capacity of about 400,000 12-inch wafer per month.

It is expected to be produced in 2022. After the final agreement is signed, the new investment amount of the project is estimated to be US$2.35 billion. The actual investment of all parties will be determined according to the assessment of SMIC Shenzhen according to third-party companies.

Baidu Hong Kong IPO final offer price is HK$252.00 per share

Baidu announced in the Hong Kong Stock Exchange that the final release price of its Hong Kong IPO has been identified at HK$252.00 per share, and the company’s A General shares will be expected to commence on March 23, 2021 under the stock code "9888″.

Tiktok considering the introduction of group chat this year

According to sources, Tiktok is considering the introduction of group chat functions this year. It will be similar to the Clubhouse app.

Tiktok live-streaming e-commerce plans to official launch on April 13 in Indonesia

Tiktok live-streaming e-commerce plans to launch online in Indonesia on April 13, this day is also the beginning of the "Ramadan" for a month.

On March 9, local time, Tiktok live-streaming e-commerce completed the first test in Indonesia. This live broadcast has exceeded 10,000 people during the highest peak.

The local MCN person in charge said: "As the first show, the traffic is good, but has exposed a lot of problems, especially if the payment function is not good as the mainstream GrabPay and Ovo are not supported, only bank transfer and DANA were supported."

Ctrip: It is expected that this year’s Ching Ming Festival will see travelers in China reach 100 million, and private tour group sees grown of 260%

Ctrip released the 2019 Qing Ming Festival forecast report, data shows that the number of scenic spots tickets during the Ctrip Platform in 2021 have been restored to the 2019 level.

The number of people booking a scenic trip is slightly greater than 10% compared to 2019. It is expected that the number of travelers of Ching Ming Festival will reach 100 million this year.

The number of people registered private tour groups increased by 260% compared with the same period in 2019, and the number of private groups lasting 4 days grew 70%.

Taobao special version is said to be launched as WeChat mini-app

According to reports, Alibaba plans to launch a Taobao special edition mini-app on Tencent WeChat, and will soon allow WeChat payment on its apps. Previously, the two companies didn’t have this level of collaboration.

Company representatives said that the mini-app is being tested but will be launched after it’s finished testing.

China Semiconductor Industry Association Director Zhouzi: In 2020, China’s chip industry sales increased by 17.8%

Zhou Zixue, Director of China Semiconductor Industry Association, said that in 2020, China’s chip industry sales increased by 17.8%, reaching RMB 891 billion. Zhou Zi said that international cooperation is the only way to solve the chip crisis right now.

Report: 2021 Xiaomi will become the world’s third largest smartphone manufacturer

Strategy Analytics’s latest report pointed out that in 2021, global smartphone shipments will rebound over 6.5% year-on-year, reaching 1.38 billion.

An analyst said: "In 2021, we believe that Xiaomi will surpass Huawei, becoming the world’s third largest smartphone manufacturer. Xiaomi has good performance in India and the Russian market, and is also very strong in Central Europe, Eastern Europe and Western Europe."

Xiaomi sued and won the US Department of Defense; more Chinese companies are considering suing the US government

After Xiaomi sued and won the case against the US Department of Defense, other Chinese companies included in the Trump government’s "blacklist" are also considering suing the US government.

Many informed lawyers said to Reuters, some of which have been negotiating with law firms in the US.

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