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Chinese artificial intelligence pioneer UBTech Robotics said it will step up efforts to further expand its overseas presence. The company is backed by internet heavyweight Tencent Holdings Ltd.

Chinese people's spending on household products is on the rise, especially showing huge potential in fourth- and fifth-tier cities, said Shen Jianguang, vice-president and chief economist at JD Digits.

Chinese company Fosun has bought Jeanne Lanvin SAS and several other companies recently. [Photo/Agencies]

Chinese actress Li Bingbing and actor-model Kellan Lutz attend the premiere of Chinese-Australian science fiction horror thriller film 

Chinese pharmaceutical company Baheal Pharmaceutical Group announced on Friday that it had signed cooperation agreements on Thursday with Japanese drug company SATO and trading enterprise Itochu, acquiring the exclusive distributorship of SATO's high-end functional skin care brand Excellula in China.