China Tech Digest: Huawei Signs World’s Largest Energy Storage Project In Dubai; Alibaba Launches Cloud-native Processor Yitian 710


Huawei signs the world’s largest energy storage project

At the 2021 Global Digital Power Summit held in Dubai, Huawei Digital Power and SEPCOIII Electric Power Construction jointly signed an energy storage project located in Saudi Arabia’s new city on the Red Sea. The two parties will work together to help Saudi Arabia build a global clean energy and green economy center. The energy storage scale of the project is 1300MWh, which is the world’s largest energy storage project by far.

Alibaba launches self-developed cloud-native processor Yitian 710

T-Head Semiconductor, a wholly-owned semiconductor chip unit of Alibaba Group, has recently launched its self-developed cloud-native processor Yitian 710. According to official introduction, the chip performance exceeds the industrial benchmark by 20%, and the energy efficiency is increased by more than 50%. The chip has already achieved assembly line production in July and will be deployed in the Alibaba Cloud’s data center.

Shenzhen and Singapore cooperate on four more projects, involving 5G and IoT

The second meeting of Joint Council for Bilateral Cooperation of Singapore-China(Shenzhen) Smart City Initiative was held in Shenzhen and Singapore by video. At the meeting, Shenzhen city and Singapore signed four cooperative projects, involving e-invoice, 5G, IoT, blockchain, robot, smart agriculture, digital innovation and other fields.

IDC: The revenue of China’s IT security software market increased by 36.6% in H1 2021

IDC’s latest report shows that in the first half of 2021, the overall revenue of China’s IT security software market reached US$897 million, a year-on-year increase of 36.6%. According to data, in the first half of 2021, the top five software security vendors are: Alibaba (32.5%), Tencent (12.2%), China Telecom (10.2%), Huawei (5.1%) and F5 (2.4%).

Commercial service robot Uditech completed RMB200 million series C+ round

Shenzhen-based commercial service robot Uditech has completed a RMB200 million series C2 round of financing. This round was co-led by Yunfeng Capital and Chengding Fund. Uditech will use proceeds of the round to expand its own R&D capabilities, increase production capacity, and continue to deploy more scenario applications.

(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.)

 
Caishen.Co - Primary Data for China Secondary Investment and Stock Markets
Introducing Finley, the fintech newsbot from China Money Network! Using state-of-the-art machine learning technologies, Finley scours the globe for immediately usable data about the latest private equity deals, venture capital funding rounds, and business expansions happening in China. Finley asks: Who's buying whom? What company just raised new capital? What is the relationship among the parties? Then Finley uses his very real artificial intelligence to decipher that unstructured data to write news articles for you to read. So from unstructured data to a news story you can understand, China Money Network's Finley is your fintech newsbot business partner!

RELATED NEWS



LEAVE A REPLY