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Chinese internet search giant Baidu Inc reported its total revenues reached 26.0 billion yuan (.93 billion), an increase of 32 percent year-on-year in the second quarter of this year, while mobile revenue represented 77 percent of total net revenues, compared to 72 percent for the same period last year.

Chinese enterprises established 82 economic and trade cooperative zones in countries along the route in the past five years, attracting 3,995 companies to the zones.

Chinese property giant Evergrande Group acquired an electric-car battery company on Thursday, the latest example of companies moving decisively into the rapidly growing new energy vehicle industry, even though analysts say the sector faces bumpy roads ahead.

Chinese internet search giant Baidu Inc reported on Friday its total revenues reached 26 billion yuan (.69 billion) in the second quarter of 2020, dropping 1 percent year-on-year, while its net profit hit 5.1 billion yuan, an increase of 40 percent on a yearly basis.

Chinese businesses have invested heavily in the World Cup, and television viewers have been surprised to find advertising boards with large-sized Chinese characters surrounding soccer fields. Many of the English-language boards feature Chinese companies, including electronics producers, fashion brands and even an e-bike maker.