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Chun-Yuan Gu and Frank Duggan have spent their careers at ABB. Gu started at ABB in Sweden in 1989 and held leadership positions in R&D, mainly in Robotics, before becoming head of the Robotics Global R&D Center in Shanghai in 2006. In January 2014, he assumed responsibility for ABB's operations in China. He is fluent in English, Mandarin and Swedish, and holds a degree in engineering from Jiao Tong University in Shanghai and a PhD in engineering from the Royal Institute of Technology in Stockholm, Sweden. Gu will continue as managing director of ABB in China, in addition to his new role, and will be based in Beijing.

Chris Morton, chief executive officer of online luxury retailer Lyst, in which Arnault's family has also invested, said that luxury brands will face the risk of being eliminated if they continue to ignore consumers' needs and overlook digitalization.

Chinese tile manufacturer, Twyford Ceramics Co Ltd, plans to expand its operations in the Kenyan market by injecting million. The company, which exports 70 percent of its products, said by introducing bigger size tiles, it would meet market demand and generate an additional 500 jobs.

Chinese tech firms showcased the latest innovations in mobile technology at the Mobile World Congress in Barcelona.

Christelle Kwazera, at 25, the youngest finalist, was awarded 0,000. Kwazera runs Water Access Rwanda, a social enterprise committed to eradicating water scarcity by providing technologies for easier access to water.