Wang Weizhi started researching smart technology for exercise bikes two years ago after quitting his job as an engineer for ZTE Corp, a leading information and technology company in Shenzhen.
Industrial sector profits posted their first annual rise in China since September, in a sign that margin pressures may be easing at some firms, particularly in the price-sensitive energy sector.
Multilateral lending agency says currency is 'not undervalued'
Car-hailing app operator Uber Technologies Inc hopes it will be allowed to expand in Chinese cities, where it believes it can create jobs and ease traffic jams, Chief Executive Officer Travis Kalanick said on Tuesday.
Though Chinese enterprises are stepping up their efforts to unlock the full potential of big data, a treasured asset, they are still struggling to come up with the right business models.
A new billionaire was created in China almost every week in the first quarter of this year, according to a report jointly released on Tuesday by UBS AG and PricewaterhouseCoopers.
How have Chinese businessmen become successful?
Chinese investors traded a record-breaking 2.15 trillion yuan ($352.4 billion) worth of A shares on Tuesday, on continued optimism that the government would come out with more measures to boost the economy.
Share prices surged on the mainland bourses on Monday amid speculation the government will accelerate measures to bolster the economy and cross-border sales of mutual funds will fuel equity inflows.
Shanghai equity investors enjoyed the country's best average returns from the A-share market during the first four months - 156,400 yuan ($25,200), compared to a national average of 14,000 yuan, according to data released on Monday by Hithink RoyalFlush Information Network Co Ltd.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
