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Chinese automaker Zhejiang Geely Holding Group and IT giant Baidu on Wednesday announced their artificial intelligence partnership.

Chinese consumers are some of the most discerning consumers in the world. They are the "now" generation－they want everything now. So, as a brand, to succeed here, you really have to be able to communicate with the Chinese consumers in real time.

Chinese direct investment in the United States plummeted from .5 billion in 2016 to .7 billion in 2017, said Rosen at a panel discussion at the Harvard Club in New York City, quoting a report recently released by Rhodium Group.

Chinese internet companies, including Alibaba, JD, Suning and Meituan-Dianping, made promises on Wednesday, saying they are determined not to manufacture and sell counterfeit products, evade taxes, mislead, cheat or threaten consumers to delete and revise after-sale evaluations. Moreover, they jointly signed a convention to fight against false advertisements and reject scalping behaviors.

Chinese online gaming and social networking group Tencent Holdings Ltd is giving its once-dominant archrival Alibaba Group Holding Ltd a run for its money in the battle for market share in the nation's lucrative mobile payment sector.