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Company cites support from government as key factor for sustained business growth

Compared with staying in nursing homes, over 84 percent of Chinese senior citizens prefer to stay at home and receive elderly-care services in their own communities, according to a research jointly carried out by a national association, the China Research Center on Aging, and internet company Tencent.

Coming in third was Weathering With You, a Japanese animated romantic fantasy film telling of a high school teenager who appears to be able to manipulate the weather. It pocketed 42.41 million yuan on the 3rd day of its screening.

Companies in the United States, the European Union, and Japan were among the major M&A participants, Gao said.

Companies from China may find the going tough in the United States telecommunications market as national security concerns have derailed their local expansion plans, industry analysts said on Thursday.