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Back-end industries, according to Lee, refer to mostly traditional industries that need tech for transformation, such as enterprise services, factory supply chains, medical care and logistics.

BYD Co, parent of BYD Auto, takes back its end of lifecycle batteries and reuses them in energy storage stations for the electricity generated from its wind and solar power plants, as part of BYD's new energy network, according to the company.

Back then, group practices, in which doctors partner together to offer medical services to patients and share operational costs, was a fairly new concept in China.

Bao has more than 30,000 followers, and gives beauty, skincare and makeup advice.

Background: Amazon has been investing heavily in super-fast shipping, shifting the core perk for Prime members from two-day deliveries to one-day. The company’s logistics engine often ferries items to customers’ doors within hours of a purchase. Pressure to increase speed and efficiency has led to reports that detail a hard-charging culture inside Amazon warehouses. Amazon said in its most recent earnings report that it will invest nearly .5 billion in the fourth quarter alone for its one-day shipping initiative. The company is setting new industry standards as competitors narrow their delivery wait times to keep up.