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Charles Wang, technology company founder. [photo/VCG]

Cheetah Mobile CEO Fu Sheng said, "The strategic cooperation can help both sides speed up their development in the global market." Toutiao's investment will help Live.me grow in live streaming and short videos. Meanwhile, Toutiao will recommend Live.me in its overseas products, Fu added. 

Chai Aina, president of the company, said that regular paper cartons can only be used twice before they have to be discarded. The company's recycled boxes, on the other hand, can be used on average 14 times, meaning greater cost savings for users.

Changing attitudes mean young Chinese women no longer expect or even prefer their husbands' income to be higher than theirs, and instead are eager for career advancement and financial independence, a survey has found.

Cheah Cheng Hye, co-chief investment officer of asset management company Value Partners, said Hong Kong-listed stocks are still relatively cheap because they trade at about 14 times earnings capacity.