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Dada-JD Daojia's partnership with Walmart dates back to 2016 when Walmart invested million, as part of its effort to bring a seamless online and offline shopping experience. At present, approximately 200 Walmart stores in 30 major Chinese cities have a presence on JD Daojia.

Danone's Mizone is fourth at 4.6 percent and Master Kong of Ting Hsin International Group at 3.4 percent.

Daimler AG's Mercedes-Benz will roll out its electric SUV called EQC in its joint venture plant in Beijing.

Deepening SOE reform is key to cutting industrial overcapacity. Such reforms are helpful in improving SOE governance in accordance with market rules, letting market forces play a fundamental role in allocating resources, according to experts.

DJI, the world's largest commercial drone manufacturer by market share, has unveiled its portable handheld camera, the Osmo Pocket, in a bid to gain a bigger share of the professional photography and video sector, amid sluggish growth in China's consumer drone market.