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Apple finished the second quarter in the fifth position. Its smartphone shipments fell 6.2 percent to 6.6 million units, while its market share was basically flat at 6.7 percent from a year earlier.

Around 608 companies expected profits to double and 24 saw their profits jump more than tenfold.

Artificial intelligence and the cloud-based internet of things are two major application areas where China's homegrown chips can have a good chance to compete with global players, internet titan Alibaba Group's technology chief said on Saturday.

As AI penetrates into the core business of firms of all kinds, the application scenarios will increasingly diversify, needing constant innovation and breakthroughs in technology and application. Regarding the AI cloud service market, the competition will escalate to a higher degree in 2020, especially among top providers, IDC analyzed.

Around 160 speakers from over 100 international organizations, universities, research institutions and global think tanks from some 20 countries and regions are expected to attend.