(Xinhua) China's digital industry generated a revenue of 8.5 trillion yuan (about 1.18 trillion U.S. dollars) in the first quarter, up 9.4 percent from the same period last year.

The growth rate is 4.4 percentage points higher than the same period last year, data from the Ministry of Industry and Information Technology showed Friday.

In breakdown, the revenue in manufacturing rose 10.4 percent, while digital revenue in service climbed 8.2 percent.

The number of 5G base stations in China topped 4.39 million by the end of March, with the user penetration rate reaching 75.9 percent, the ministry said in April.

Key sectors in the digital economy have been steady. The software industry generated revenues of 3.1 trillion yuan, marking a year-on-year increase of 10.6 percent.

(China Daily) China will take firm measures to safeguard the legitimate interests of its companies, following the United States' latest attempt to block the global use of Huawei Technologies' Ascend artificial intelligence chips, the Ministry of Commerce said on Thursday.

(China Daily) TikTok has been charged by the European Commission with breaching the online content rules, as the popular short-video app failed to disclose sufficient information about advertisements on its platform.

The commission said in a statement that TikTok does not provide the necessary information about the content of advertisements, the targeted users, and who paid for the advertisements.

The preliminary results stem from an investigation into TikTok launched in 2024.

(Reuters) The White House and congressional officials have been scrutinizing Apple's plan to strike a deal with Alibaba to make the Chinese company's AI available on iPhones in China, The New York Times reported on Saturday.

U.S.

(Xinhua) A commercial rocket lifted off on Saturday in northwest China, successfully sending six satellites into space.

The rocket, coded ZQ-2E Y2, blasted off at 12:12 p.m. (Beijing Time) from the Dongfeng commercial space innovation pilot zone near the Jiuquan Satellite Launch Center. It is a modified variant of the ZQ-2 model developed by the Beijing-headquartered private rocket maker LandSpace.

ZQ is short for Zhuque (Vermilion bird).

(China Daily) Chinese tech heavyweight Alibaba Group Holding Ltd reported on Thursday night that its revenue stood at 236.45 billion yuan ($32.6 billion) during the January-March period, an increase of 7 percent year-on-year, while its net income reached 29.85 billion yuan, rising 22 percent year-on-year.

NetEase, Inc., a leading internet and game services provider, today announced its unaudited financial results for the first quarter ended March 31, 2025.

(China Daily) Huawei on Tuesday released its AI solution for the data center industry, as over 500 tech leaders and experts gathered in Dubai, the United Arab Emirates, for the Global Data Center Facility Summit 2025.

Charles Yang, Huawei's senior vice-president, said the "golden era" for computing infrastructure has arrived. "AI is transforming industries, and businesses are racing to stay competitive by building local AI platforms," he said.

(China Daily) Geely Automobile Holdings reported on Thursday a 264 percent surge year-on-year in first-quarter net income as robust demand for its NEV lineup lifted sales and profitability.

The Hong Kong-listed carmaker saw its net profit attributable to shareholders rise to 5.67 billion yuan ($786.3 million) from January to March, while its revenue climbed 25 percent to 72.5 billion yuan in the same period.

(Xinhua) Tesla's Shanghai Gigafactory exported nearly 30,000 vehicles in April, marking its highest monthly export volume in the past 12 months, the company said on Wednesday.

This achievement comes as the China-made Model Y gains strong popularity in overseas markets. The New Model Y, which made its global debut in China in January this year, is now being exported to Australia and multiple Asian markets including the Republic of Korea (ROK), according to Tesla.

The U.S.
Loading