A total of 20 technological innovation centers will be set up in Beijing Economic-Technological Development Area (E-town) by the end of 2020 to boost regional economy.

Beijing Automotive Group (BAIC Group) signed a new framework agreement with Daimler Group, a vehicle manufacturer based in Germany, to further the partnership in the joint venture firm, Beijing Benz Automotive Co.

JD.com Inc, China's second-biggest internet retailer, is launching a new site on its online platform targeting property buyers in association with leading developers.

BAIC BJEV, a subsidiary of BAIC Group, is to invest 10 billion yuan ($1.5 billion) in a new energy car science innovation center, according to local media.

A new subsidiary of BOE Technology based in Moscow, was launched on June 26. The new company will be involved in the mobile panel and display screen industry, marking the remarkable progress BOE has made in expanding abroad.