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Huawei acquires Chinese digital payment firm, Zhipay for payment system
The fast and evolutionary changes are observed in information and technology especially in the last ten years. It has given a new concept of online transactions. In today’s scenario, every day is a race against time in our busy lives, so we are looking towards how we can save time. This is the main reason behind people switching to online payments.
This huge demand for online transactions needs the payment platforms more developed and advanced and this attracts many other enterprises such as Huawei to step into the online payment platform.
Now, according to the enterprise check app, Shenzhen Xunlian Zhifu Network Co., Ltd. has undergoing industrial and commercial changes. After the withdrawal of shareholder Shanghai Wo Ruiou Information Technology Co., Ltd., Huawei Technologies becomes its new sharer.
Now, Huawei has fully owned the Xunlian Zhipay with 100% shares and becomes another mobile phone manufacturer that has successfully received a payment license after Xiaomi.
Xunlian Zhipay is a third-party payment Chinese digital payment firm established in 2013 with a registered capital of 200 million yuan. Its legal representative is Wang Guanrong, former Deputy Director of the Payment and Settlement Department of the People’s Bank of China.
It serves in many fields including electronic payment, Internet payment, computer technology services, database and computer network services, online data processing and transaction business and, information service business.
As recently, the research organization – Hurun published the ranking report of the wealthiest enterprises of China. According to the report, Huawei is the top private industry with a market value of 1.1 trillion yuan. As the company’s business will landscape expands, Huawei will need its own payment system to expand its business.
(Via – ithome)
ChatGPT is a raging storm on the internet and everyone is talking about this AI-powered instant reply software but Huawei says, it has long mastered such technology.
A person in charge of Huawei’s computing product section said that Huawei began to have a layout in the large model in 2020. In the following year, Huawei launched Pengcheng Pangu, which is a super-large model and the first of its kind in the industry.
This model can generate 100 billion levels of processes and can generate responses or understand Chinese natural language processing as well as speech recognition.
To be mentioned, Pangu NLP large model was the world’s largest Chinese language pre-training model with 100 billion parameters at that time. The sample tuning of the data improves the application performance of the model in the scenario.
Patent:
Recently, two patents have surfaced on China’s intellectual property office, which reveal Huawei’s use of AI in instant reply software. However, we can say that Huawei has already applied a lot of AI software to human conversation technology, which was way ahead of ChatGPT. But Huawei has not revealed any plans to implement such tech in Huawei devices.
ChatGPT:
ChatGPT was launched as a prototype on November 30, 2022, and quickly garnered attention for its detailed responses and articulate answers across many domains of knowledge. Its uneven factual accuracy, however, was identified as a significant drawback. Following the release of ChatGPT, OpenAI’s valuation was estimated at US$29 billion.
Read more here – Huawei patent new ChatGPT like reply software
After the events of the U.S. ban, Huawei had to reduce its capacity of building new smartphones, which result in low yield and sales, and now, Xiaomi claims that it took over 50 million of Huawei’s users.
During the Xiaomi Investment Day, Lu Weibing, President of Xiaomi Group said that Huawei has lost over 80 million smartphone users, of which, Xiaomi took over 50 million.
This is quite a big statement made by the head of the Chinese phone maker as Huawei was forced to leave the market due to the restrictions on manufacturing.
After not meeting the market requirements the share of Huawei’s smartphone market declined severely in both the Chinese and global markets. While other smartphone makers are the ones that got most of the benefits.
From the rest, Apple took over 20 million users and Honor grabbed 10 million, which accounts for an overall 80 million Huawei users.
According to the data revealed by Canalys, the global smartphone market ranked Samsung first and Apple second, which has increased by 22 percent and 19 percent respectively. While Xiaomi declined to 13 percent.
Aside from Apple and Samsung, other smartphone maker has declined. On this matter, Xiaomi’s president said that the decline in his firm is related to various reasons such as currency depreciation, chips from shortage to surplus, and intensified competition, the global mobile phone market will decline by 12% in 2022, of which the Chinese market will decline by 13%.
Why not?
It was an opportunity for all of the smartphone companies with an open opportunity to grab Huawei’s market share and it fell directly into their lap without doing anything.
(via – CNMO)
Turkey is underway a massive rescue operation and Huawei has raised a hand of help for the country to overcome the earthquake that has taken the lives of thousands of innocent people. During this time, Huawei has provided components, generators, and mobile base stations to help eliminate communication issues in earthquake-affected areas.
On Monday, Turkey is hit by a 7.8-magnitude earthquake, destroying homes and leaving thousands wounded and homeless. As of today, over 17000 people had died in Turkey, surpassing the record of the last decade in the country. This earthquake has now made its place in the most deadly disasters of the century surpassing the 2011 tsunami in Japan.
