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China United Network Communications Group Co Ltd, the country's second-largest telecom carrier by mobile subscribers, unveiled a joint venture with Ali-Cloud, the cloud computing arm of Alibaba Group Holding Ltd, on Friday, aiming to better tap into cloud business opportunities.

China Railway Rolling Stock Corp, the country's largest train maker by market share, said that it had signed contracts for supplying metro vehicles and providing maintenance services to both domestic and global subway operators in cities including Xi'an, Hangzhou and Bengaluru in India during the first four months of this year, with a total contract value of 9.98 billion yuan, according to its latest fiscal report released last week.

China Everbright Bank has become another Chinese bank to make Luxembourg its European headquarters, as the continent's financial centers vie to lure Chinese businesses, against the backdrop of uncertainty around Britain's exit from the European Union.

China Daily also contacted Duan's son-in-law, but he declined to be interviewed. Beijing News reported in late January that the deceased's family were unhappy with the ruling. "The elevator camera had no audio, so no one knows what Yang said," the paper quoted Duan's son-in-law as saying.

China International Capital Corporation Limited said in a research note the partnership between China Unicom and China Telecom will significantly relieve the financial pressure on the two companies. The acceleration of the 5G rollout will also bring benefits to telecom equipment makers such as Huawei Technologies Co and ZTE Corp.