Foxconn Industrial Internet Co Ltd, a subsidiary of Foxconn Technology Group, filed an application on Monday to list on the Shanghai Stock Exchange to raise capital to build an industrial internet platform, and to upgrade its intelligent manufacturing and 5G solutions.
High-tech is driving new growth for the traditional Chinese culture industry as it strives to transform amid an upgrade in consumer demand.
Luckin Coffee's rapid expansion in China - opening 525 coffee chain stores in four months - has wooed more than 1.3 million customers and created an internet frenzy by challenging coffee giant Starbucks.
Industrial automation on the back of the Made in China 2025 strategy will generate huge growth momentum for businesses such as industrial electronics, semiconductors, data analysis and telecommunications in the long run, said the head of a global consulting firm.
WAUSAU, the United States - Luck has not been on the side of American farmers in the midwest this year.
Salaries of employees in China are expected to grow at about 6 percent this year, compared with about 9.4 percent back in 2012, when the economy's focus shifted from rapid growth to high-quality development, experts said.
Perfect World Co Ltd, a Chinese movie and gaming company, is targeting digital-savvy younger generation with products protected by intellectual property or IP rights.
Chinese investors are betting big on a golden decade for unicorns as a boom is foreseen on the back of revised regulations that encourage financing through equity, according to market players.
Business transformation and product upgrades are key to the survival and future growth of budget hotels that are in decline - and BTG Homeinns Hotels Group, whose first-quarter profit surged over 116 percent year-on-year to 75.39 million yuan ($11.8 million), is a good example, experts said.
Before they began building a public hall in the village of Wang, in Zhejiang province, the village enjoyed ties to fame that many of its inhabitants were utterly ignorant of.
A booming digital economy is reshaping China's economic landscape as a string of unicorn companies - startups valued at more than$1 billion - gear up to become new growth engines in the country.
China's efforts to promote opening-up are expected to generate more demand for accounting professionals as such moves will create a cross-border flow of talent, according to the CEO of the professional organization for certified public accountants in the United States.
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Raymond Zhou
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Chen Weihua
