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Chinese actor Zhu Yilong releases new fashion photos. [Photo/VCG]
Chinese internet search giant Baidu Inc announced on Wednesday its smart living group has entered into definitive agreements with CPE, Baidu Capital and IDG Capital for Series A financing at a post-money valuation of approximately 20 billion yuan (.9 billion).
Chinese export-oriented companies have brought cutting-edge products to the nation's largest trade event, aiming to maintain steady business growth by attracting more foreign buyers.
Chinese economy underwent a meaningful slowdown caused by deleveraging in 2018, compounded by negative investment and consumer sentiment due to trade tensions with the United States and a slow and gradual policy response, said Mariscal.
Chinese e-commerce platforms saw revenues grow to 21.88 billion yuan (.48 billion) during January to November last year, a rise of more than 40 percent compared with a year earlier. Online gaming and online advertising sales reported increases of more than 20 percent during the same period last year.