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Beijing-based mobile phone provider Xiaomi is now one of the largest unicorn companies in the world and aims to ship 100 million smartphones in 2018.

Before the inclusion of AI guide, the Baidu Wi-Fi Translator, which was first launched in late 2017, has had two basic functions for international travelers, pocket-Wi-Fi and an auto-translator.

Beijing residents who live in State-owned and managed bungalows who voluntarily move their hukou, or registered resident's permit, from the city's downtown area will be rewarded, according to municipal housing authorities.

Beer brands are beefing up their prices. Since March, the price of six 500 ml bottles of Budweiser has increased from 57 yuan (.38) to 85 yuan, a 50 percent jump. Tsingtao Beer raised its prices twice within the first six months of this year.

Before the market opened on Wednesday, the VIX registered 29.12, down 2.34 points from the day before. The fear index peaked at 89.53 in October 2008 during the financial crisis, sparked partly by the collapse of the subprime housing market. In 2017, the VIX stood at 9.19, its lowest ever.