Tech Insider: Pinduoduo’s Earnings Beat, China Plans for Self-Flying Cars

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

SMIC to build $7.5 billion wafer plant

Semiconductor Manufacturing International Corp. (SMIC), the Chinese mainland’s biggest chipmaker, said in a Friday exchange filing that it plans to build a 12-inch wafer production line in the northern Chinese city of Tianjin with an investment of $7.5 billion.