SHENZHEN, September 11, 2024 (TDI): Chinese tech powerhouse Huawei unveiled the world’s first tri-fold smartphone in Shenzhen, South China.
This groundbreaking device features innovative technologies, including a dual-hinge system and advanced screen-bending capabilities.
Yu Chengdong, Huawei’s executive director, emphasized that continuous technological innovation is crucial for the advancement of folding-screen smartphones, an area known for its high technology density.
The foldable phone market in China experienced a remarkable 114.5 percent increase in shipments in 2023, surpassing 7 million units, according to International Data Corporation (IDC).
At the launch event, Huawei introduced the Mate XT, the first commercial tri-fold smartphone, along with a new edition of the Aito M9 and the newly released Luxeed R7.
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The event also featured the release of a new edition of the Aito M9 and the debut of the Luxeed R7, both of which are powered by Huawei’s Harmony Intelligent Mobility Alliance (HIMA).
Both the Aito M9 and Luxeed R7 are powered by Huawei’s Harmony Intelligent Mobility Alliance (HIMA).
A day earlier, China’s integrated circuit (IC) sector has become the top breeding ground for unicorns, surpassing all other industries in the country over the past three years, according to a recent report.
Despite increasing financial pressures on local start-ups, the IC industry has continued to thrive.
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The China Unicorn Enterprise Development Tracking Report, released on Sunday by Great Wall Strategy Consultants, reveals that the number of newly funded unicorns—start-ups valued at over US$1 billion—declined from a high of 192 in 2021 to 137 in 2022, and further to 106 last year.
This decline reflects broader challenges in fundraising for start-ups.
