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And the competition in the industry is getting more harsh, with growing uncertainties involving changing global policies, shifting customer preferences and emerging new technologies, according to Zhu.

Analysts said it is understandable that BMW is seeking a new partner in a competitive market like China, as Brilliance is only a financial investor in the joint venture, contributing little to BMW's success in the country.

An unstoppable and exciting trend across the globe is that mobile commerce is expected to boom. By 2022, the largest three mobile commerce markets in the world are also forecast to be China, the US, and the UK.

Analysts said tighter lending has obviously affected transaction volumes for residential properties in Shanghai, particularly in the preowned home market.

And we discuss how DNA is inspiring the next generation of data storage technology from Microsoft and the University of Washington.