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Chinese consumers are responsible for around 40 percent of the global luxury market, and that is expected to grow to 50 percent by 2030, according to a forecast by Equite.

Chinese online education startup Huohua announced on Monday that it has raised million in its latest round of fundraising, which industry insiders said is the largest round of financing in the math education-focused sector.

Chinese electric car startup Nio is confident about its prospects this year despite the coronavirus outbreak, expecting its gross profit margin to become positive in the second quarter.

Chinese movie Wolf Warrior 2 made a great contribution to the domestic movie market last year, accounting for 18.9 percent of the total box office, according to the report.

Chinese companies can play a key role in making Asia's business supply chains more resilient in the face of shocks such as that caused by the coronavirus pandemic, analysts say.