Over 30 agents and dealers of Huawei's Honor brand have acquired all business assets of the budget cellphone brand, according to a joint statement released on Tuesday.
Six Shenzhen companies, including Tencent, Montnets, Lexin, Xunlei, Fangdd.com and iDreamSky, have entered the list of China’s Top 100 Internet Companies in 2020, according to a report released by the Internet Society of China.
Tencent Cloud, the cloud computing unit of Chinese tech giant Tencent, has opened its first 5G edge computing center in Shenzhen recently.
As automobiles are set to get increasingly smarter, Huawei Technologies Co is partnering with more carmakers to deliver internet-connected automotive experience to consumers despite the US government restrictions it faces.
Shenzhen-based company Huawei has retained the top spot on the top 500 Chinese private companies list this year, with a revenue of 858.83 billion yuan (US$125.64 billion), Shenzhen Special Zone Daily reported.
China's leading new energy vehicle (NEV) manufacturer BYD Company Limited recorded 1.66 billion yuan ($242 million) of net profit in the first half of 2020 (H1), up 14.29 percent year-on-year.