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Animation hit Ne Zha bolsters firm's efforts to boost presence in nation

Apart from the initiative, Stan-Chart has continued to focus on enhancing its banking capabilities in China and has become the first foreign bank to receive a domestic fund custody license in the country.

Another case that began to erode public confidence in charitable organizations involved a woman called Guo Meimei who in 2011 posted photos of her extravagant lifestyle online and claimed to work for the Red Cross Society of China - the country's major provider of humanitarian assistance. Although she was later found to have nothing to do with the organization, an investigation exposed management flaws and a lack of transparency.

Another 23 regions' growth rate in real estate development investment outperformed the national level from January to May this year.

Apart from major players' increasing market dominance, China's top smartphone vendors turned to sub-brands, like Red Mi from Xiaomi, iQOO from Vivo, Honor from Huawei and Realme from Oppo, as well as overseas presence, for higher market share.