China smartphone market slumps to 10-year low in 2022

By News Curator

After a decade of frantic growth, China’s smartphone market is hitting a speed bump as COVID-19 roils the world’s second-largest economy. The country’s smartphone shipments dropped 14% year-over-year in 2022, reaching a ten-year low, according to research firm Counterpoint. It was also the first time that China’s smartphone shipment had dropped below 300 million units […]

China smartphone market slumps to 10-year low in 2022 by Rita Liao originally published on TechCrunch

Zebra Labs raises $5M to help Chinese celebrities enter the metaverse

By News Curator

In June, Chinese pop-punk singer Wowkie Zhang released a music video where he encounters a virtual character in a hyper-colored, animated world that is reminiscent of Pixar films. The avatar, sporting Gen-Z-styled silver hair, a yellow and black oversize sweat, and baggy pants, makes hip-hop moves to Zhang’s catchy, light-hearted tune. The virtual character isn’t…

China’s smartphone shipments slumped 23% in Jan-Aug

By News Curator

Smartphone shipment is often seen as the bellwether of China’s consumer spending, and right now, the picture isn’t very rosy. The world’s largest market for smartphones shipped 175.1 million handsets between January and August, marking a sharp 22.9% decline year-over-year, according to research from a state-backed institution. In August alone, shipments dropped 21.9% year-over-year. The […]

China’s smartphone shipments slumped 23% in Jan-Aug by Rita Liao originally published on TechCrunch

Audi to join Formula 1 with German-built hybrid power unit

By News Curator

Audi said Friday it will join Formula 1 for the 2026 season, competing alongside rival sportscar makers such as Aston Martin and Mercedes-Benz as the series shifts its focus to electrified race cars. The FIA Formula 1 World Championship series, which plans to go carbon-neutral by the end of the decade, will introduce new technical…