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Because of recent heavy downpours in the Sichuan Basin in the upper reaches of the Yangtze River, conditions are building for the fifth flood of the Yangtze and the second of the Jialing River.

Beijing plans to launch the second phase of subcenter construction in its eastern Tongzhou district and build a comprehensive transportation hub, as soon as key municipal organs move to new offices in the subcenter, a senior official said on Monday.

Behind the rapidly rising demand for family offices in China is the fact numerous ultra-wealthy individuals who benefited from the country's fast economic growth are now entering their mid-50s and considering inheritance and succession planning, the report said.

Beijing Capital Land, a Hong Kong-listed property developer, on Wednesday launched its 2020 strategy, which the company said aims to offer customers quality products and contribute to a comprehensive housing solution.

Before launching Redmond-based Versium, Marcus and Matty helped found several startups, including InfoSpace. We caught up with Marcus, who serves as Versium CTO, for this Startup Spotlight. Continue reading for his answers to our questionnaire.