When fire tore through a huge wholesale market in Moscow in 2009 the businesses of many Chinese traders, including that of Zheng Riwei, were left devastated.
Consumer credit products are becoming increasingly popular among young Chinese, taking a large market share away from credit cards, as competition in the payment industry grows more intense.
Leading Chinese peer-to-peer lending and wealth management company CreditEase Corp is developing a robo-adviser product to serve small and medium domestic investors.
Facing intense competition from internet finance companies, commercial banks in China are adapting to fast changing customer habits by adopting the latest internet technologies as well as changing their mindsets and business models.
As China advances its supply-side structural reform, a large number of struggling financial companies will be eliminated, thus exposing once-concealed online financial risks.
shopping, but the technology has a way to go to become a majormarket force
After a massive capital injection into the virtual reality (VR) sector from the end of 2015, investors are now becoming more cautious as an increasing number of players enter the market, fueling a bubble in the emerging sector.
Beijing Baofeng Technology Co Ltd, an internet entertainment and technology company, plans to build a VR ecosystem, which includes content production, hardware, software and offline store expansion to boost the overall development of the sector.
Competition among smartphone makers has intensified as Shenzhen-based Protruly Vision launched the world's first smartphone that can shoot virtual reality (VR) photos and videos, which analysts call a "technological milestone".
JD Finance, the online-finance arm of JD.com Inc, China's second-largest e-commerce player, has launched the joint venture ZRobot, with US-based financial technology company ZestFinance to provide data-technology services to the financial industry and boost the development of consumer credit in China.
Big data and artificial intelligence are driving the development of China's e-commerce giant JD.com Inc, and are expected to help the company provide better user experience, reduce costs and improve efficiency.
This year is a remarkable one for Chinese companies when it comes to overseas mergers and acquisitions.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
