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Chinese community-based online retailing platform Nice Tuan announced on Wednesday it has raised million in its series C2 round of fundraising. [Photo/Nice Tuan]

Chinese military strongly opposes US sanctions

Chinese internet giant Tencent Holdings Ltd topped the league table, followed by e-commerce leader Alibaba Group Holding Ltd and telecom company China Mobile Communication Corp. Other well-known names in the top 10 include tech firm Huawei Technologies Co Ltd, Chinese liquor producer Kweichow Moutai Co Ltd, and the world's biggest bank in terms of assets, Industrial and Commercial Bank of China.

Chinese home appliances giant Konka Group Co Ltd announced on Monday the establishment of a fund with CITIC Holdings Co Ltd to beef up its layout in next-generation information technologies that are represented by the 5G, semiconductor and digital consumption sector.

Chinese internet search giant Baidu Inc obtained a license to test its self-driving cars on open roads in Beijing on Thursday, meaning a large-scale commercial use of such vehicles could cruise into people's lives faster than many have expected.