China Tech Digest: Elon Musk Says China Will Be Biggest Market; Zuoyebang Seeks US IPO


Security cameras are in short supply, and the price of security products rises due to chip shortage

The delivery cycle of security camera products has generally been extended by about half a month, and downstream agents have appropriately increased their stockpiles. A person in charge of an enterprise said that the commonly used 2 million pixel camera was 140 yuan in September last year, but it has now risen to 210 yuan.

According to industry insiders, due to the outbreak of the pandemic, the demand for chips in home appliances and other fields has surged in a short period of time. At the same time, the production capacity of chip manufacturers has not been able to expand in time, and the shipments of chips in the security and automotive fields have tightened. The industry predicts that the shortage of chips in the security industry may continue in the short term.

Robin Li: Baidu Brain has opened up more than 270 AI capabilities to the outside world, with daily inquiries exceeding 1 trillion times

Baidu founder Robin Li mentioned in a letter to shareholders that Baidu Brain has opened more than 270 AI capabilities to the outside world, with a daily inquiry volume exceeding 1 trillion times, serving the intelligent upgrade of thousands of industries.

Baidu’s Paddle Paddle is a deep learning framework independently developed by Baidu. It is an operating system in the AI ​​era. It has gathered 2.65 million developers and served 100,000 companies. In the past three years, Baidu has consistently ranked first in terms of China’s artificial intelligence patent applications and authorizations.

Hon Hai Precision plans to launch battery samples within the year and start commercial production in 2024

Hon Hai Precision is entering the electric vehicle industry. The company plans to launch battery samples later this year and start commercial production in 2024.

The company’s chairman Liu Yangwei recently stated at an external media conference that electric vehicles are the top priority of Hon Hai Precision’s 2021 business agenda, and the company’s goal is to occupy 10% of the global electric vehicle market.

Hon Hai is currently investing in the development of two EV batteries, namely solid-state batteries and lithium iron phosphate (LPF) batteries.

Geely Automobile: There is currently no plan to go public in Sweden

Gui Shengyue, chief executive and executive director of Geely Automobile Holdings Co., Ltd., said that in February, Geely announced that it would merge with Volvo in equity and was considering listing in Hong Kong and Sweden.

However, the two parties have announced a merger plan in February this year, that is, while maintaining their existing independent company structures and achieving strategic goals, they will merge and collaborate in business areas such as powertrain, three-electric technology, and highly automated driving. "In the next period, we have no plans to go public in Sweden.

The total merchandise transactions of Kuaishou’s e-commerce business in 2020 will be 381.2 billion yuan, a year-on-year increase of 540%

Kuaishou released the 2020 financial report. The financial report shows that in 2020, the total amount of commodity transactions facilitated by e-commerce transactions on the platform is 381.2 billion yuan, a year-on-year increase of 540%; the average repeat purchase rate has further increased from 45% in 2019 to 65% in 2020.

In 2020, the average daily active users and average monthly active users of Kuaishou apps were 264.6 million and 481.1 million, respectively, representing a year-on-year increase of 50.7% and 45.6%.

The average daily usage time of each daily active user of Kuaishou app increased by 17.0% from 74.6 minutes in 2019 to 87.3 minutes in 2020.

"2020 Global Emerging Privacy Technology Invention Patent Ranking" released, Ant Group ranked first in number of patents

IPRdaily, a third-party intellectual property organization, and the incoPat Innovation Index Research Center jointly released the "2020 Global Emerging Privacy Technology Invention Patent Ranking".

The list shows that as of March 19, 2021, there are four companies with more than 200 patents. Among them, the number of Ant Group’s global privacy technology patents totaled 740, ranking first; Microsoft (305), Alibaba (299), and China Ping An (282) ranked second to fourth respectively.

Strategy Analytics: In 2020, over 500 million wearable devices were sold for the first time in the world

The latest research by Strategy Analytics pointed out that in 2020, more than 500 million wearable devices were sold for the first time in the world.

TWS Bluetooth headsets and smart watches from companies such as Apple and Xiaomi are the main driving forces for the growth of wearable devices.

Steven Waltzer, senior analyst at Strategy Analytics, said: "We estimate that global wearable device sales have increased from 384 million in 2019 to a record 527 million in 2020, an increase of 37% year-on-year. This is the first time that global wearable device sales have exceeded 500 million."

Chinese online education firm Zuoyebang hired CFO before possible U.S. IPO

Chinese online education firm Zuoyebang hired a chief financial officer before a possible US IPO, said media reports.

National Health Commission: More than 1,100 Internet hospitals have been built nationwide

According to Mao Qun’an, Director of the Planning Department of the National Health Commission, more than 7,700 hospitals above the second level have established an online appointment system and provide online services. More than 1,100 Internet hospitals have been established nationwide.

At present, the national health information platform for all has been basically completed and put into trial operation. More than 7,000 public hospitals above the second level have been connected to the provincial overall planning platform, and more than 2,200 third-level public hospitals have initially realized the exchange and sharing of information in the hospital.

Musk: In the long run, China will become our largest market

Tesla CEO Elon Musk said that China’s economic development will improve in the next ten years. It is also committed to achieving a future characterized by sustainable energy. In the long run, China will become its largest market and the place where it produces the most vehicles and have the most customers.

 
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