Quotable

We're actively looking for partners across Europe - merchants who want to cater to Chinese tourists or technical providers on the payments side. But we have no plans to target European customers."

Rita Liu, head of Alipay Europe, Middle-East and Africa. Alipay, China's biggest third-party payment platform and an affiliate of Alibaba Group Holding Ltd, is signing deals with brick-and-mortar retailers in Europe to boost its offerings for Chinese tourists and expats.

"Vanward is the only manufacturer that offers water heaters to the Rio Olympics, and that indicates the quality of Vanward's products has been well recognized in Brazil and the world."

Huang Sheng, general manager of Guangdong Vanward New Electric Co Ltd. The company is expecting the 2016 Rio Olympic Games to be a springboard for the company to expand its presence in world markets.

"With more and more gaming companies offering lucrative rewards for game players, e-sports has gotten onto the fast track of development in China."

Kenneth Chang, deputy secretary of the organizing committee of the China Universities E-sports League. The annual e-sports tournament, starting in Seattle on Aug 9 Beijing time, saw 16 top e-sports teams worldwide battling for a prize pool of more than $20 million, with five of the 16 teams from China.

(China Daily European Weekly 08/12/2016 page24)