While confirming that Chinese entrepreneur Li Shufu has acquired 9.69 percent of the Daimler AG shares, the German automotive manufacturer said in a press information sent to Xinhua on Saturday that it welcomes the new long-term shareholder.
China's artificial intelligence (AI) industry received about 180 billion yuan (28 billion U.S. dollars) of investment and financing last year, according to a recent report.
The Chinese securities regulator has said it will step up regulation on rejected back-door listing, announcing a cool-down period for firms to restart their public drive.
Chinese carmaker and electric vehicle upcomer BYD has been named by Fast Company as one of its Top 10 Most Innovative Companies for Energy.
China on Saturday called on the United States to immediately cease the wrong practice of imposing sanctions against Chinese entities and individuals, referring to the move as "long-arm jurisdiction".
China will continue proactive fiscal policy and prudent monetary policy in 2018, according to a statement released after a meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee Saturday.
China's banking regulator has cut red tape for foreign banks.
China is going to launch the country’s first ever “super highway” in Hangzhou, east China’s Zhejiang Province ahead of the 19th Asian Games in 2022.
A bridge linking Hong Kong, Zhuhai and Macao has moved a step closer to official opening, with a major tunnel project fully completed Saturday.
Chinese auto company Geely has continued to expand its global automotive holdings by acquiring a 9.69-percent stake in Daimler AG for 9.2 billion U.S. dollars.