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Chinese developer ABP held a “topping out” ceremony in East London on Thursday to mark the completion of the first buildings in the company’s 1.7-billion-pound (.2billion) Asian Business Park, which aims to act as a gateway to the United Kingdom for Chinese businesses.
Chinese home appliances manufacturer Konka Group Co Ltd will expand the applications of its television products, especially in the hotel industry, as part of the company's broader efforts to drive the consumption in the country's television industry.
Chinese authorities have also urged local officials to help foreign-funded companies with work resumption and operation, with eastern China's Shandong province rolling out a raft of measures like tax relief and deferring social insurance payments.
Chinese business magazine Caixin earlier reported Tencent has been singled out as one of eight companies in the first batch to issue Chinese Depository Receipts — similar instruments to American depositary receipts, which are certificates that allow investors to hold shares listed across borders.
Chinese drugmaker Qilu Pharmaceutical offers the latest example. It invested over million to open an innovation hub and expand its business presence in Boston, the pharmaceutical innovation hub in the United States.