China's growing army of young entrepreneurs are failing to prepare well when starting up their businesses, while many embark without any previous work experience, according to a report.
Ha Nan founded Beijing Liushanmen Technology, an internet-based catering startup, in 2014 after graduating from the University of International Business and Economics in Beijing.
China is building a national entrepreneurship and innovation "ecosystem" to cultivate competitive startups and more innovative entrepreneurs, said Wang Jian, founder and CEO of the Entrepreneur's Training Camp at Peking University.
Search engine giant Baidu Inc has appointed former Microsoft Corp executive Lu Qi its president and chief operating officer, a major push to help the company gain an edge in its latest profit driver - artificial intelligence.
German automaker Audi AG will suspend its plans to produce and sell cars with SAIC Motor Corp Ltd until at least next year, a move intended to reassure its current partner FAW Group Corp and appease dealers concerned about their profitability.
Seagate Technology Plc will continue investing in China as the US hard-disk drive manufacturer expects the booming robotics and internet of things industries to revive demand for its products.
BYD Co Ltd has vowed to harness solar energy from deserts in the Middle East, with the construction of a 200 megawatt photovoltaic power station in the region, mainly focusing on energy storage projects.
Swiss businesses in China are more bullish and hope to rule the roost in the Year of the Rooster, beginning Jan 28, a survey has revealed.
The Chinese banking system is healthy and can handle its nonperforming loans, China Huarong Asset Management Co Ltd Chairman Lai Xiaomin said.
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