Quotable

Autonomous vehicles are the future of the auto industry. Instead of being defined by traditional technologies and performance, automobiles in the future will be defined by software."

Wang Jin, head of Baidu Inc's autonomous driving business unit. The company signed an agreement on May 16 with the government in Wuhu, Anhui province, to jointly build China's first trial operation zone for fully autonomous driving vehicles.

"We have no intention of concluding a domination agreement or delisting the German company."

Paul Fang, chairman and chief executive officer of Midea, based in China's Guangdong province, which announced on May 18 it was prepared to expand its shareholding in KUKA, a global supplier of intelligent automation services. The deal values the German company at 4.6 billion euros ($5.2 billion). A domination agreement can be one in which one of the parties has unconditional authority to instruct the managing body of the other party, according to Ecem Susoy of Erdem & Erdem Law Office.

(China Daily Africa Weekly 05/20/2016 page24)