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Banks in the country processed 30.73 billion mobile payment transactions in the period, up 73.56 percent year on year, said the People's Bank of China in a report.

Barnes & Noble’s stock has risen nearly eight percent in the past year, yet its market value stands at just 3 million. By contrast, Amazon is valued at 5 billion, which means the online retailer could easily gobble up its brick-and-mortar rival if it chose to do so.

Baidu and its partners gained a good start thanks to China's favorable business climate.

Baldwin is bullish about Seattle, particularly given his experience in Silicon Valley. In a post on Medium, Baldwin wrote about a big opportunity for more founders and investors to help launch startups in the Emerald City.

Baolong Auto is one of the enterprises that have benefited. The company set up a 46,000-square-meter plant in Zhaoqing to produce special vehicles.