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China's top news aggregator service Jinri Toutiao has purchased Musical.ly, the Shanghai-based video-sharing platform popular with young people, for about billion to expand its global reach and take a bigger slice of what could become a multi-billion dollar industry.
Chinese President Xi Jinping met Brown in Beijing on Tuesday and called on California to play a bigger role in promoting bilateral exchanges and cooperation between China and the United States in areas including technology, innovation and green development.
China's welfare lottery. [Photo/Sipa]
China's vast market has a huge number of internet users and diversified internet applications. Coupled with improving technological innovation capacity, it gives the country's internet industry sustainable growth potential and provides tremendous allure to global capital, Li explained.
China's systemic financial risks are generally under control, but risks such as bad assets and liquidity issues are still alarming, and regulation has become uncoordinated, inadequate and outdated in the face of innovation and development of cross-market financial products, Lu said.
来源：资阳报