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CarbonCure Technologies: Its technology reduces the amount of carbon dioxide generated in concrete production. Amazon is working with CarbonCure for some of its building construction, including its “HQ2” in Virginia.

Cedrik Neike, a member of the managing board of Siemens AG, said the group will invite more than 800 people including politicians and business executives to Beijing this year for further developing projects generated from the Belt and Road Initiative.

Casey Honniball, a NASA postdoctoral program fellow at the agency's Goddard Space Flight Center and researcher at the University of Hawaii at Manoa, said researchers were able to detect, through SOFIA, a spectral signature of H2O that is not shared with other hydroxyl compounds.

Charline Ni, PwC China's technology leader, said with China Integrated Circuit Industry Investment Fund Co Ltd securing second-phase fundraising, investors were increasingly interested in integrated circuits, robots, smart manufacturing, cloud computing, fifth-generation mobile communications, augmented and virtual reality, and artificial intelligence.

Challenges aheadHowever, the prospect is not as good as it looks. Both companies are facing the same problem of how to make money, as traditional dealerships have increasingly thinner profits from selling cars. "We want to try the business model first. If the model works, we will eventually make money from automakers," said Chen Ran, general manager of Gome's auto business division. For a car market to be a success, effective coordination is needed among car makers, 4S stores, insurance companies and accessory producers to realize a one-stop shopping experience like that in traditional supermarkets, said Chen Hao, president of Jiangsu-based dealership company Xiezhong Auto. "In the future, car sellers should provide a more and more personalized service targeting a small niche market. Thus, car markets face the tough test of adapting to changing demand," he said. The newcomers will also be confronted with other segments of the car sales market, including e-commerce giants, used car dealers and group buying service providers. Suning's Liu said price might not be the advantage of car markets, but the company would ensure price transparency, a full range of products and reliable quality. "Our greatest strength is breaking the single-brand bottleneck of 4S shops and giving customers a new buying experience," Liu said.