New Zealand has trumped Australia in the space race. American-New Zealand aerospace manufacturer Rocket Lab successfully reached orbit with the test flight of its second Electron orbital launch vehicle, ‘Still Testing’, on January 21. Electron lifted-off from Rocket Lab Launch Complex 1 on the Māhia Peninsula in New Zealand.

Read more: Rocket Lab launches satellites into orbit from New Zealand

Chinese technology and media conglomerate Tencent Holdings Ltd have formally announced that they have invested almost $2 billion to acquire a 12% stake in disappearing messaging-application Snapchat. The news comes just days after Snapchat posted poor quarterly results leading to a share price drop by 16% to $12.67, a far cry from its $17 IPO in March.

Read more: Chinese technology conglomerate acquires 12% stake in Snapchat

Continental, Ericsson, Nissan, NTT DOCOMO, OKI and Qualcomm Technologies, announced plans to carry out their first Cellular Vehicle-to-Everything (C-V2X) trials in Japan. The objective is to validate and demonstrate the benefits of C-V2X using direct communication technology defined by the 3rd Generation Partnership Project (3GPP) in their Release 14 specifications.

Read more: Japan to host Cellular Vehicle-to-Everything (C-V2X) trials

Chinese smartphone manufacturer Xiaomi has entered the European market for the first time following its announcement that its devices are now retailing in Spain. It’s part of the company’s new overall global strategy that will see them attempt to penetrate new markets in the forthcoming months.

Read more: Chinese smartphone manufacturer enters European market as part of new global strategy

South Korean telecom provider SK Telecom announced that the company, along with Korea Transportation Safety Authority (KOTSA), successfully deployed 5G infrastructure in K-City, the country’s pilot city for self-driving. It is the world’s first 5G infrastructure-equipped test autonomous driving city.

Read more: SK Telecom deploys 5G infrastructure in pilot city for self-driving cars

The Chinese government has announced that it will invest a staggering $2.1 billion into the development of a new industrial park for AI research in Beijing. Other global superpowers such as Russia, the United States and the UAE have already invested heavily in AI (artificial intelligence) which has been recognized as a key economic driver in the future.

Read more: China to construct a $2 billion industrial park for AI research

A UK-based financial services firm has claimed that China has stolen a march on other countries, and will lead the global autonomous vehicle market, which is expected to be worth around $1 trillion by 2040. IHS MARKIT has suggested that China will spearhead the self-driving revolution and said that the country had already embarked upon a number of initiatives aimed at establishing itself as the major player in the emerging industry.

Read more: China to lead global autonomous vehicle market valued at $1 trillion

Chinese AI firm SenseTime and Qualcomm Technologies announced plans to collaborate on artificial intelligence (AI) and machine learning (ML) for future mobile and IoT products. This collaboration will draw from the expertise of both companies in AI by leveraging SenseTime’s ML models and algorithms with Qualcomm Snapdragon platforms, which offer advanced computing capabilities for client based AI.

Read more: Qualcomm and Chinese firm to collaborate on AI for mobile and IoT

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