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Chinese facial recognition startup SenseTime Group Ltd announced on Monday it has acquired 0 million in its Series C round of fundraising led by e-commerce giant Alibaba Group Holding Ltd, setting a record for venture capital funding in the artificial intelligence sector.

Chinese healthcare and medicine regulators have also made efforts to reform the drug review and approval system, which shortens time for a new drug to be widely used and encourages innovations and enables investors to achieve returns in a shorter period of time, said Song Ruilin, executive president of China Pharmaceutical Innovation and Research Development Association, at a recent conference.

Chinese investment in large mixed-use towers in the United States not only changes the skyline but also helps local architects sharpen their skills.

Chinese financial assets are becoming an indispensable part of global investors' holdings, as economic upgrade has nurtured new opportunities and the nation has opened wider to foreign investment, officials and experts said.

Chinese and Indian leaders' decisions to form a "strategic partnership" in 2005 opened the window for the two countries to build a long-term partnership for peace and prosperity.