If China's Great Wall was difficult to scale or penetrate for Eurasian nomadic raiders of the past, the Chinese mainland's technology and digital market are posing similar problems to foreign companies now.
Zhang Xiaoming is not a big fan of movies but he can tell which films will be a big hit in China and which will not by using an advanced technology named big data.
Editor's note: In this ongoing series on the birth and growth of privately owned Chinese companies that are redefining innovation, China Daily profiles Hengtong Group Co Ltd, a Jiangsu-based company engaged in optical fiber manufacturing and electric power and network construction, which eyes overseas expansion.
China's electric-vehicle industry, with 200-plus companies backed by a raft of billionaires, verges on a massive shakeout as the government imposes stricter technology standards on fledgling manufacturers and considers limiting their number to only 10.
A garbage-truck maker and a sports-car startup are the top candidates to receive permits to manufacture electric vehicles in China as part of the government's push to encourage innovation in the auto industry, according to people with knowledge of the process.
ICBC Financial Leasing Co Ltd, the largest financial leasing company by assets in Tianjin and established in 2007, will continue to strengthen its efforts to innovate in the field of financial leasing.
Bank of China Ltd recorded 2.52 percent year-on-year growth in profit attributable to equity holders of 93.04 billion yuan ($14 billion), largely due to the continued development of its overseas business and strategic deployment in key regions.
The long-awaited Shenzhen-Hong Kong Stock Connect is expected to start in mid-to late November, a move that makes it more likely that domestic stocks will be included in MSCI Inc's main benchmarks, according to China's securities regulator.
EU antitrust regulators ordered Apple on Tuesday to pay up to 13 billion euros ($14.5 billion) in taxes plus interest to the Irish government after ruling that a special scheme to route profits through Ireland was illegal State aid.
Xiaomi Corp will soon become the first Chinese smartphone vendor to add a mobile payment service to its handsets, pitting itself against foreign rivals Apple Inc and Samsung Electronics Co, which have already launched similar services.
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Raymond Zhou
Op Rana
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Huang Xiangyang
Chen Weihua
