China Tech Digest: Tencent’s Kandian To Be Renamed "Information Platform And Service Line"; China’s 5G Penetration Rate Exceeds 20%

Tencent’s Kandian to be renamed "Information Platform and Service Line"

Tencent’s Kandian will officially be renamed "Information Platform and Service Line". The main reason for this organizational structure adjustment is to merge part of Sogou and realize strategic transformation. Under the new "information platform and service line", some centers will be deeply integrated with Sogou and upgraded to a business unit (BU). After this merger, Tencent Kandian (information platform and service line) will focus on search engine in the future, and gradually weaken the status of information flow.

Huawei: China’s 5G penetration rate has exceeded the 20% critical point

Ding Yun, executive director of Huawei and president of operator BG, said at the 2021 Global Mobile Broadband Forum that in countries and regions where 5G is developing rapidly, operators that have invested heavily in 5G have achieved remarkable commercial returns. "As long as the penetration rate of 5G users is high enough, it will definitely be reflected in the commercial return. Once the critical point of 20% is exceeded, 5G will enter a stage of rapid growth. The penetration rate of 5G users in China, South Korea, Kuwait and other countries has exceeded 20%. At the critical point of this, operators have entered a new spiral development pattern of user growth, business returns, and network construction."

IDC: China’s smart home market shipments in 2021 are expected to increase by 14.6%

IDC’s China’s Smart Home Device Market Quarterly Tracking Report Q2 2021 shows that in the first half of 2021 China’s smart home market shipments reached about 100 million units, a year-on-year increase of 13.7%; 2021 annual shipments are expected to be 230 million units, an increase of 14.6% year-on-year. It is estimated that in the next five years, China’s smart home market shipments will continue to grow at a compound growth rate of 21.4%. The promotion of whole-house smart solutions in the consumer market will become an important growth driver.

President Xi: Accelerate the formation of a green and low-carbon transportation mode

Chinese president Xi Jinping recently stated that establishing a green and low-carbon development economic system and promoting a comprehensive green transformation of economic and social development is the long-term strategy for achieving sustainable development. It is necessary to accelerate the formation of green and low-carbon transportation mode, strengthen the construction of green infrastructure, develop new energy, intelligent, digital and lightweight transportation equipment, and encourage eco-friendly mobility solutions.

12 state-owned enterprises jointly set up automotive digital transformation platform

Under the guidance of the State-owned Assets Supervision and Administration Commission of the State Council, 12 Chinese state-owned enterprises jointly set up a collaborative innovation platform for automobile digital transformation in Tianjin. This innovation platform includes the China Automotive Technology and Research Center, China South Industries Group, China Telecom, China Electronics, China FAW, Dongfeng Motor and others in multiple fields. Through this platform, by 2023, it will achieve partial breakthroughs in the core technologies of digital transformation, and formulate a roadmap for digital transformation in the automotive industry; by 2025, it will play a major role in solving industrial common technologies and key "bottleneck" technologies.

(China Money Network’s articles are curated and translated from credible Chinese media organizations with established brands, experienced editorial teams, and trustworthy journalism practices. However, we are not responsible for the accuracy of the information. For any questions, please reach out to our editorial department.)

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