The startup also sued Tencent for patent infringement, demanding RMB 80 million for using patented technology in Tencent’s mapping service.
Chinese consumers rallied to support one of their country’s tech behemoths.
China’s “second landlord” platforms have seen a dramatic rise and fall. What led to their fall from grace and who stands to benfit as the industry consolidates?
Li’s comments come at a time when China’s EV sales start to slow amid potential recession worries, growing competition, and supply chain disruptions due to frequent Covid comebacks.
Mi Pay allows users to make payment via multiple options such as UPI, credit cards, debit cards, and internet banking.
Chinese tech giants have invested in India for years, pumping billions in to the county’s startups. Now, India’s popularity comes with a price tag.
It’s a latecomer to the short video scene, where Bytedance and BAT are already wrestling for user attention spans.
India’s government has banned Tiktok, Wechat, and 57 other Chinese apps in seeming retaliation for border clashes in the Himalayas.
Sluggish growth at home is pushing Chinese smartphone brands to look to Africa for growth.
Meizu shipped only 8 million units in 2018, ‘mainly due to lack of funds.’