China's IP in Foreign Eyes

  • The Baidu ABC Cloud Group & Edge Security Team is the 11th organization to win the Superuser Award. Baidu ABC Cloud Group and Edge Security Team integrated Kata Containers into the platform for all of Baidu internal and external cloud services including edge applications. Their cloud products, including both VMs and bare metal servers, cover 11 regions in China with over 5,000 physical machines. Today, 17 important online businesses have been migrated to the Kata Containers platform thus far.

    ——Baidu Wins Superuser Award with Massive-Scale Deployment of Open Infrastructure Technologies in Production, PRWeb

    Comment:

    With the rapid development of cloud computing, Baidu has been focusing on technological innovation and valuing IP deployment. The winning of the Award is the recognition of its innovative achievements in the area.

  • China's Tencent Music Entertainment Group reported better-than-expected third-quarter revenue on Monday, as the music streaming company added more paying users. Tencent Music, which has a user base of more than 900 million, has been shifting more of its content behind a pay wall since May. The company, controlled by Chinese tech giant Tencent Holdings Ltd, said paid users of its online music service jumped about 42% in the reported quarter. 

    ——Tencent Music's quarterly revenue beats on subscriber growth, Reuters

    Comment:

    In recent years, Tencent Music has been strengthening IP protection through paid content subscribing with the improving awareness of copyright protection. The reported third-quarter revenue is the result of Tencent's efforts in IP protection.

  • Recently,The country's three state-run telecom operators launched services for the next generation wireless technology , Including China Mobile (CHL), China Telecom (CHA) and China Unicom (CHU) are all offering 5G plans, giving Chinese internet users access to the ultra fast service. 5G commercial services are now available in 50 cities, including Beijing, Shanghai, Guangzhou and Shenzhen. In Shanghai, nearly 12,000 5G base stations have been activated to support 5G coverage across the city's key outdoor areas. 

    ——China just switched on the world's largest 5G network, by CNN

    Comment:

    In the era of 5G, technological exchanges and cooperation among countries as well as market-oriented transactions are increasingly frequent. Only by accelerating 5G network coverage and technology popularization, intensifying research and development, and mastering independent intellectual property rights, can we sail far in the era of 5G.

  • In recent years, China-Japan co-production have drive cross-border cooperation to unprecedented levels in the film sector. Major players from both countries are also looking for ways to tap into the Japanese industry's expertise to capitalize on the Chinese audience's growing appetite for domestic animation. Japan's Toei Animation and powerhouse Chinese studio Bona Film Group are currently at work on the big-budget animated co-production China-Japan co-production, The Monkey Prince and Legend of the Demon Cat, could be considered a modest success case for the two industries. 

    ——Tokyo Content Market: Japan-China Film Industry Collaboration Rapidly on the Rise, by Hollywood Reporter 

    Comment:

    In recent years, more and more Chinese film companies have begun to deploy overseas markets. Attach importance to the protection of copyright and other IPRs, which is conducive to the long-term and healthy development of China's film industry and shine on the world stage.

  • IQIYI, Inc. ("iQIYI” or the "Company”), an innovative market-leading online entertainment service in China, jointly with Galaxy Internet TV, recently unveiled the "AI Seniors Mode” (the "Mode”) on the company's smart TV application QIYIGUO TV (the "APP”). Based on iQIYI's precise understanding of the users' TV watching behavior and content preferences, the Mode has been met with great acclaim since its launch and has served as an innovative solution that caters to the unique need of senior users.

    ——iQIYI Launches "AI Seniors Mode” on QIYIGUO TV, Further Improving Care for Elderly Users, PR Newswire

    Comment:

    As China's leading smart TV application, QIYIGUO TV actively explores and upgrades its content and viewing experience through utilizing its rich content sources and advantages in technology innovation. The new mode will contribute to the steady increase of the users for the application.

  • Disney and Lucasfilm are going back to basics to try to build an audience for the Star Wars franchise in China. The House of Mouse-and Skywalker-has inked a first-of-its-kind distribution deal with Tencent's China Literature, the Middle Kingdom's largest e-books and online reading platform, to license and distribute 40 translated Star Wars novels for Chinese readers. The partnership, which was unveiled in Shanghai on Wednesday, also will entail the two companies working together to develop and publish the world's first authorized Star Wars online novel written by a Chinese author, according to a press release shared by Disney over the official Star Wars Weibo account. 

    ——Disney Partners with Tencent Subsidiary to Build Chinese Fan Base for ‘Star Wars', The Hollywood Reporter

    Comment:

    As one of the world famous entertainment enterprises, Disney has been prudent in copyright cooperation. The partnership reflects Disney's confidence in China's copyright protection.

  • Universal Beijing will leverage the Alibaba Business Operating System to digitize the operations and management of the theme park. Via the Chinese company's online travel platform Fliggy, visitors will be able to buy tickets and book hotels through the Universal Beijing flagship store on their phones. Universal Beijing guests will also have the option of using Alipay's facial-recognition technology across the resort, from park entry to storage lockers to express-lane access and payment for merchandise and meals. 

    ——Universal Beijing Resort & Alibaba Set Strategic Partnership For Next-Generation Theme Park Experience, The New York Times

    Comment

    With the ever-expanding face recognition technology and increasingly fierce market competition, IP protection on the basis of technological innovation can win a broader space for enterprise development.

  • Pension funds from California to New Jersey and college endowments pour money into venture capital and private equity firms, which scour the globe for the best investment opportunities. In recent years, many of these firms have turned to China, helping fuel the success of rising stars like drone maker DJI and artificial intelligence pioneer SenseTime Group Ltd. 

    ——Teachers, firefighters from California to New Jersey seek Chinese tech riches, Los Angeles Times

    Comment

    China has become a rising power in artificial intelligence and facial recognition software. With the good business environment for innovation, investment and IP protection, the emerging market is attracting eyes from the world.

  • The evolving nature of China's biotech industry, especially when it comes to the "biologic" drugs has become a hotbed of cancer therapy innovation. About half of the biggest, global biopharma IPOs last year occurred in China. This presents a major shift for China. In the past, China, traditionally, had been much more focused on the generic market. That's changing. They want to go from becoming just a manufacturer to a true innovator. 

    ——How China Is Transforming the Biotech Industry: Brainstorm Health, by Fortune

    Comment:

    Chinese companies must attach importance to patent protection, so as to achieve breakthrough in biotechnology sector, which not only gives a good protection for IPR-reliant products, but also effectively competes with domestic and foreign competitors.

  • All over Africa, in its clogged cities and fast-changing towns and villages, buildings are painted in Tecno blue and billboards offer the allure of the Tecno brand. What is Tecno, you may ask? Tecno is an Africa-specific brand created by Transsion, a Shenzhen-based handset manufacturer. Last year, Transsion sold more than 100m handsets.

    ——China is Cornering Africa's Ecommerce Market, by Financial Times

    Comment:

    In recent years, the number of patent infringement affairs of Chinese companies has shown obviously ascending trend in their push abroad. So they should build up the patent portfolio according to their own business and beef up IP protection.

  • China's massive investment in AI is changing the entire world at an accelerating rate. Just like climate change is accelerating, so is AI. China is already ahead in super apps, facial recognition, app ecosystems, E-commerce, payments and online to offline retail (o2o). China is, for all intents and purposes, playing a much longer game with the future of artificial intelligence. 

    ——China's Artificial Intelligence is Fueling Innovation, by Forbes

    Comment:

    Amid of the rapid development and wide use of AI technology, many countries have been beefing up IP protection on this regard. Chinese business should take a patent portfolio-based approach for venturing out.

  • An impactful report by the Council on Foreign Relations underscores that the U.S. risks losing its worldwide innovation leadership to China. A narrowing gap between the U.S. and China in technology innovation leadership is a trend. National R&D spending is just one significant element of China's rise that I document in my book, which demonstrates how China's tech sector is challenging the world by innovating faster, working harder and going global. 

    ——A Sputnik Moment For The U.S. As China Forges Ahead In Tech Innovation, by Reuters

    Comment:

    S&T is the invisible battlefield between great powers. In recent years, China is becoming a leader in innovation, reflecting by the facts that the Chinese government attaching importance on the protection of IPRs and promoting S&T innovation.

  • The Daxing is built for the future, boasting four runways and a terminal the size of 97 soccer pitches upon opening of the first phase. The ambitious master plan calls for the building of a total of seven runways, and moving at least 100 million passengers and 4 million tons of cargo a year through the airport. Five concourses connected to a main hall, Daxing aims to reduce walking for passengers, long a complaint about many new mega-hubs. The distance of between security checkpoints and the remotest gates is no more than 600 meters -- about eight minutes of walking. 

    ——Beijing Daxing International Airport: China's new mega-airport ready to open, CNN

    Comment:

    Beijing Daxing International Airport has attracted worldwide attention, which can not only improve people's life, but also show great strength in innovation.

  • One early investment by the Silk Road Fund, a government established fund to promote development along the Belt and Road, is the renewable energy arm of Saudi Arabia's ACWA Power. China's portfolio of clean energy projects in the region continues to expand. As an increasing source of carbon emissions and a region traditionally reluctant to move away from fossil fuels, China's activities could have an important and significant impact on economic growth and lower pollution rates in the region.

    ——China's Growing "Green" Engagement in MENA, The Diplomat

    Comment:

    The Belt and Road initiative has provided favorable climate for Chinese enterprises venturing out. As Chinese business is becoming powerful in the field of clean energy, the company should file patent application in targeted field; so as to safeguard their rights in overseas markets.

  • Didi Chuxing ("DiDi"), the leading multi-modal transportation platform, today launched DiDi Engine, a Digital Innovators Initiative aiming to train young technology talents, build R&D capacities and develop "AI for Social Good” projects in DiDi's expanding international markets. Didi Engine is rolling out from Latin America and will feature joint labs and research programs with research institutions, technology fellowships and internship programs for young innovators, and app & software development projects. In phase one, the initiative also includes a joint lab in Santiago between DiDi and the University of Chile on AI and engineering research. 

    ——DiDi Chuxing Launches Global Digital Innovators Initiative, YAHOO

    Comment:

    DiDi has built up strong technical power through independent innovation in the ultra-competitive market. The launch of DiDi Engine will enable the company to develop global market through innovative advantages. 

  • Alibaba, along with Yunfeng Financial, an investment group backed by Alibaba founder Jack Ma, have entered into an agreement to invest approximately $700 million in NetEase Cloud Music as part of its latest funding round. Founded in 2013, NetEase Cloud Music boasts over 800 million registered users. The streaming service partnered with Alibaba's own service , Xiami, last year in an effort to share their content libraries. "Alibaba also looks forward to becoming a partner in the future development of NetEase Cloud Music and exploring innovative collaboration in the digital entertainment space," added Daniel Zhang, CEO of Alibaba Group. 

    ——Alibaba to Acquire Minority stake in NetEase Cloud Music Streaming Service, Billboard

    Comment:

    In recent years, music streaming services have been gaining more users through copyrights. Alibaba's collaboration with Net Ease Cloud Music this time will create more benefits by sharing copyrights. 

  • Nasdaq-listed Luckin Coffee is giving its teas their own branded stores, with a focus on smaller Chinese cities, as the rapidly expanding chain seeks new avenues of growth. The company, which introduced its Luckin Tea drinks in April, will initially open independently branded stores under that name in such leisure settings as shopping malls in second-through fourth-tier cities. "We will continue to maintain the high growth of the coffee business, while taking the tea drinks as another important driver to further explore the breadth and depth of the market,"Luckin Coffee Chief Operating Officer Liu Jian said in a statement Tuesday. 

    ——Luckin Coffee hatches Luckin Tea, for China's smaller cities, NIKKEI

    Comment:

    Luckin has been building its brand by promoting new products or rolling out new services in ahyper-competitive market. Its move into freshly brewed tea reveals the company's branding strategy with an innovative spirit.

  • Chinese ride-hailing giant Didi Chuxing plans to start using self-driving vehicles to pick up passengers in a district of Shanghai city in a pilot scheme, the firm's Chief Technology Officer Zhang Bo, a senoir executive said, taking a further step toward commercializing self-driving technology. The cars will still be staffed with a human driver, he said, adding that over 30 different types of car models will be offered in the pilot service, all eqipped with so-called Level-4 autonomous driving capabilities. The trip distance can exceed 10 kilometers. 

    ——China's Didi Chuxing to launch self-driving pickup service in Shanghai, Reuters

    Comment:

    Didi has been attacking autonomous driving with innovative spirit. The pilot scheme of self-driving vehicles will enable it to navigate its own path in this cutting-edge field. 

  • "Security robots can be used in high-end neighborhoods, commercial and office buildings, industrial parks, and shopping malls. They can replace human guards to do the patrolling," in an AFP- English NEWSLOOK radio news, a Chinese researcher from smart robot company said on the Beijing's Robot conference. During the conference, robot technology fanatics flock to the activity. 

    ——Robots rule at Beijing expo, USA Today

    Comment:

    With the continuous advancement of China's intelligent manufacturing technology, Chinese companies have gradually gained more attention to the development and innovation of applied intelligent robots, and thus expanded the larger market.

  • Didi, which first started as a competitor to Uber (UBER) in 2012, has increasingly diversified its business in recent years, partnering with automakers to develop connected car technology and even creating a spin-off app solely for auto services. The Chinese auto services sector is "a large market that hasn't been deeply digitally transformed," said Yu Xue, an internet research manager at IDC China. Didi's latest move is "a key step" to explore the space and branch out from its flagship operations, he added.

    ——Didi wants to help millions of drivers power their electric cars,CNN

    Comment:

    With perfect platform services and strong brand influence, Didi has gained a foothold in the shared economy market and is therefore able to enter the automotive service industry successfully.

  • Popular Chinese messaging app WeChat, with a user base exceeding 1.1 billion, has unveiled a new version of the app specifically for automobiles. The in-car app will allow drivers to keep updated with messages even when they are driving. Tencent's in-car WeChat platform is aimed at improving road safety by minimising the chance for drivers to stare at their phone screens while they are on the road, the company said. The new car-friendly app, which can be operated through voice control, will allow car drivers to operate the app through voice commands or the use of steering wheel buttons to check unread messages, send new messages, as well as make WeChat calls, technology giant Tencent said in a joint announcement with Chinese carmaker China Chang'an Automobile Group this week.

    ——Tencent's messaging app WeChat now available for cars, ZDNet

    Comment:

    Tencent has been fine-tuning WeChat since its release years back. The launch of the in-car app represents Tencent's ambition to expand  market through innovative power.

  • Chinese budget smartphone maker Transsion is already dominating Africa with its Tecno brand. Now it's ready to raise its profile even more by joining China's splashy new market for tech stocks. The Shenzhen-based company said this week that it got the preliminary green light to list shares on the Star Market, China's answer to the Nasdaq. An IPO could push Transsion's valuation above $4 billion.

    ——Africa's favorite smartphone maker wants in on China's hot new tech market, CNN

    Comment:

    China's favorable climate for technology and innovation enable Chinese tech companies to fit comfortably in the target market and attract more local investors. 

  • A laundry service in Wuhan, central China, will implant microchips into bed sheets, towels and quilts, which can be read by guests' cell phones to reveal the date of their last clean. Chips will be placed in the corner of the products by Wuhan Kunteng Laundry, which will provide cleaning services for many of the city's hotels and hostels, Chinese state-run media outlet Xinhua reported.

    ——Chinese city introduces hotel sheets that tell you when they were last washed, CNN

    Comment:

    The innovation is the latest in a wave of technological advancements sweeping through Chinese hotels. Based on the technology specializing in internet search services and artificial intelligence, Chinese hotels are becoming more popular with tourists. 

  • Provided with a setup box, a webcam paired with a TV set and voice assistant, customers gain access to telemedicine and an SOS system as well as for-pay services that include housekeeping and meal deliveries. Launched just four months ago, Lanchuang's smart care system has already signed up 220,000 elderly clients in 16 cities. The company has sold several hundred sets of sensors in Beijing so far this year under three-year contracts with community organizations. 

    ——Smart home tech makes inroads into China's emerging elderly care market, by Reuters

    Comment

    As a bleeding edge technology, intelligent technology has been integrated into all aspects of our life, changing people's lives. Chinese enterprises should seize this opportunity and use IP to protect innovative achievements in time.

  • China is an emerging source of product, portfolio, and business model innovation. Many companies are embarking on that journey. Beyond pipeline management and acceleration, companies are also tapping into China's innovation ecosystem. In the last three years we have seen AstraZeneca open a Commercial Innovation Center in Wuxi, Sanofi open a global research institute in Suzhou. 

    ——China has become a CEO-level priority for multinational pharmaceutical companies, by Endpoints News

    Comment

    China's business enviornment is constantly improving, which can be reflected by the facts that more and more multinational pharmaceutical companies have set up their R&D centers there. In recent years, China has continuously enhanced IPR protection and the increasingly optimized business environment has attracted foreign enterprises to invest in China.

  • Chinese internet giant Tencent is set to buy a 10% stake in the Universal Music Group (UMG), which is owned by French media conglomerate Vivendi. Vivendi said Tencent can help it to improve the promotion of UMG's artists in China, adding that it wants to "identify and promote new talents in new markets." Vivendi said the deal would value UMG at $34 billion , meaning Tencent's chunk of Universal would be worth $3.3 billion.

    ——Tencent In Talks To Buy 10% Of Universal From Vivendi For $3.3 Billion,Forbes

    Comment:

    Tencent's commercial strategic cooperation with UMG, while seizing the digital new market and new opportunities, must strengthen the protection of intellectual property rights in movies to create more art products and capitalize on its value.

  • Nowadays,Didi Chuxing announced that it would form a joint venture with the British oil major aimed at providing charging services to both Didi and non-Didi car owners and to scale up the charging network "significantly" in China after the joint venture with BP is established. BP has already linked its first charging site in the Chinese port city of Guangzhou with Didi's open automobile solutions platform. 

    ——China's Didi partners up with BP to build an electric vehicle-charging network, CNBC

    Comment:

    Internet and big data computing can make electric vehicle charging network services more accurate and efficient. Through this cooperation, the two sides can help electric vehicle users to obtain a better service experience and promote consumption upgrade and industrial upgrading by tapping the Internet and big data information technology.

  • Enlight Media's Nezha has become the highest-grossing Chinese animated feature of all time, sailing past the RMB 1bn ($145m) benchmark and beating previous record-holder Monkey King: Hero Is Back, which grossed $138m in 2015. The film appears to be tapping into the young adult audience. According to online ticketing platform Maoyan, more than 50% of the film's audience is aged 20-29 years. It currently has a 9.7 rating on Maoyan and an 8.7 rating on influential film review site Douban. 

    ——'Nezha' becomes highest-grossing Chinese animation in history, Screen Daily

    Comment:

    The popularity of the Chinese animation Nezha is much in relation to the quality content meeting the objective audience. The success of the movie will provide experience for making of more outstanding animated films.

  • The coffee company trying to topple Starbucks in China is planning to storm other big markets. Luckin and Americana signed a memorandum of understanding in Beijing on Monday and will run the new coffee business as a joint venture, the Chinese firm said. Luckin is fighting Starbucks in China by opening thousands of stores in the past two years and relying on technology for orders, deliveries and payments to give it an edge. It currently has around 3,000 stores across China. 

    ——China's Luckin Coffee is taking on Starbucks in more big markets, CNN

    Comment:

    Luckin Coffee is developing its brand by expanding domestic and foreign markets in just one year. The innovative technology and business mode help it gain the advantage in market competition.

  • Today, the company beams Chinese TV shows into the homes of 10 million subscribers in 30 African countries. The Chinese government, under its "Going Out" strategy, was encouraging entrepreneurs to head abroad and forge stronger ties with African nations.Chinese entrepreneurs looking to make early inroads in nascent markets started moving to Africa.

    ——How China is slowly expanding its power in Africa, one TV set at a time,CNN

    Comment:

    As a "going out" Chinese company, StarTimes combines its own brand products with the market demand of African countries, and brings Chinese culture and programs to the African market to provide local people with  quality products and services.

  • Recently, U.S. cloud-based service provider Salesforce.com said on  it will partner with Chinese e-commerce company Alibaba Group Holdings, as Salesforce looks to make inroads into the Chinese software market with its cloud-based products.Alibaba will become the exclusive provider of Salesforce to customers in mainland China, Hong Kong, Macau, and Salesforce will become the exclusive enterprise CRM product suite sold by Alibaba. 

    ——Salesforce expands footprint into China with Alibaba partnership,CNBC

    Comment:

    Salesforce and Alibaba's innovative exploration in the field of cloud computing need to establish standardized service processes, intellectual property management and protection mechanisms for related information and technologies. In this way, mature products and services can provide customers with efficient and reliable service.

  • In recent decades, China's space program has accelerated. Beijing has fired space labs and satellites into orbit and even become the first country to send an unmanned rover to the far side of the moon. The Yutu 2 rover's primary purpose was exploring an area previously untouched by humanity and answering questions such as whether the moon's poles have water or other resources.

    ——50 years after US moon landing, China is catching up in the space race,CNN

    Comment:

    Based on the self -reliant intellectual property rights, the Yutu 2 rover has set many records in China's space history. Taking intellectual property as the starting point, China will continue to promote the development of space program and improve the core competitiveness of satellite navigation and other related industries.

  • Recently,UBTech, a maker of humanoid robots backed by Chinese technology group Tencent, is preparing an initial public offering in China's markets.The seven-year-old robotics company was valued at $5bn when it raised $820m in May last year. It turned profitable last year, according to chief brand officer Michael Tam, and two months ago changed its corporate structure. "We are preparing for the public markets. we are much more likely to raise money in the mainland market," he said.

    ——Robot maker UBTech eyes rare China tech IPO,Financial Times

    Comment:

    IPO means that a company is mature enough to cope with stricter disclosure standards. In the fierce market competition, China's unicorn companies need to base themselves on the domestic market and prepare well in the IP layout to better go outside.

  • China's top search engine operator Baidu Inc has joined hands with Zhejiang Geely Holding Group and Japan's Toyota Motor Corp to cooperate on areas related to artificial intelligence (AI) amid a push for self-driving cars. Baidu will work with the automaker to explore more uses of autonomous driving technologies, said Li Zhenyu, vice president of Baidu who is in charge of its intelligent driving unit. With Geely, Baidu will cooperate in AI applications such as intelligent connectivity and smart mobility, Baidu CEO Robin Li and Geely Chairman Li Shufa said at Baidu Create 2019, a yearly gathering where the company shows its advances in AI. 

    ——China tech giant Baidu partners with Geely, Toyota, Reuters

    Comment:

    Baidu, a tech giant in China, has been launching new products with innovative technologies based on the market demand. Baidu's cooperation with Geely and Toyota will be a way to facilitate the application and development of its technologies.

  • Alibaba's B2C marketplace Tmall recently unveiled its Flagship Store 2.0, an elevated shopping experience that is setting the bar for what e-commerce can look like. This peek into the future of Tmall Flagship Stores also underlines Alibaba's strategic goals in the near term. The update offers brands the ability to provide a customizable experience, leverage new technologies, and fully tell their own story. Updates will be active in time for this year's 11.11 Global Shopping Festival and is open to all brands that have Flagship stores on Tmall. 

    ——Tmall 2.0 Goes Big on Customization, Forbes

    Comment:

    Alibaba has been innovatively building a shopping platform which meets the needs of consumers for many years. The Flagship Store 2.0 project will not only be conducive to promoting brands, but also bringing pleasant consumer experiences.

  • Meituan, China's leading e-commerce platform for services, has been selected as one of the 50 Smartest Companies (TR50) in China by MIT Technology Review. Meituan has been recognized for the innovative technologies that underpin its advanced delivery network. The TR50 highlighted Meituan's "Super Brain", the real-time intelligent dispatch system powered by Big Data, AI technology and optimization algorithms. The system can perform about 2.9 billion route planning algorithm operations per hour and calculate the optimized delivery routs in an average of 0.55 milliseconds, to ensure an average delivery time of 30 minutes. 

    ——Meituan Named One of 50 Smartest Companies by MIT Technology Review, PR Newswire

    Comment:

    Already leading the take-out delivery business, Meituan has always been developing new technologies. Its innovative operation not only helps the company bring quality services for customers but also win global recognition.

  • Beijing-based Baidu last week quietly released the latest version of Apollo, its open source full-stack software solution for driverless vehicles. Apollo 5.0-which follows on the heels of Apollo Lite, the company's vision-based framework that enables nearly fully autonomous driving under select conditions-introduces a number of new features, including an upgrated perception model for "complex" road scenarios and a bespoke sensor calibration service. Apollo 5.0 ushers in a brand-new data pipelie service with per-vehicle calibration options, along with spruced-up prediction evaluators and map data verification tools. 

    ——Baidu releases Apollo 5.0 with upgrades for ‘complex' road scenarios, VentureBeat

    Comment:

    In recent years, Baidu has been making its name heard in automated driving through independent innovation. The launch of Apollo 5.0 is a manifest of the company's innovative power.

  • The new Mi CC smartphones are "designed to be a flagship for photography and selfies with both front and back cameras," Xiaomi said in a statement. The phones will use a photo algorithm developed in partnership with viral selfie app Meitu. The phone was designed by "one of the youngest product teams in Xiaomi, among which half are art majors and are dedicated to creating a trendy design for young consumers," it said.

    ——Xiaomi asked art majors to help design its latest smartphones, CNN

    Comment:

    In a bid to meet the needs of young consumers, what Xiaomi have been done is to design a fashionable and popular smartphone to win the market in recent years.

  • Apple is reportedly shifting production for its new Mac Pro computer from the United States to China. The company's latest Mac Pro computer will not undergo final assembly in Austin, Texas, as its previous version did, according to a Wall Street Journal report.Apple (AAPL) will now partner with Quanta Computer in China — closer to Apple's other factories. The effort could help reduce costs related to shipping components to the United States for the last production step, the report said.

    ——Apple shifts Mac Pro production away from US to China, CNN

    Comment :

    With the continuous output of China's innovation-driven development, China's constantly upgrading communication equipment manufacturing technology and huge consumer market are attracting more and more investment from multinational companies and top technology companies.

  • Alibaba, which runs the world's largest money market fund, has transformed asset management in China. Its affiliate Ant Financial has its sights on repeating this success through a joint venture with US-based Vanguard Group. The Shanghai subsidiary of the world's largest mutual fund group will hold a 49 percent stake in the partnership, with Ant taking the rest. Through Alibaba's mobile payment service Alipay, Ant has access to 700m active users in China that keep $168bn in Ant's funds. Vanguard will have arrived at the right time. 

    ——Alibaba/Vanguard: Ant seen nuthin' yet, Financial Times

    Comment:

    Ant Financial has been launching branded products such as Alipay to meet users' needs with innovative spirits as an Internet financial services company. The building of the brand not just helps it lure numerous customers, but opening up new opportunities for its development.

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