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Chinese internet giant Tencent Holdings Ltd has also pledged to increase investments in the fields of digital government, intelligent education, smart transportation, artificial intelligence and security in Wuhan, with a goal of quadrupling the number of employees in the next three years.

Chinese ambassador to Nepal Yu Hong said that China was promoting Nepal's tourism under the Year of Tourism for Nepal 2017 in line with the joint statement signed in 2016.

Chinese liquor company Jiangxiaobai announced that it has finished series C round of fundraising without disclosing the amount.

Chinese e-commerce giant JD topped the list in retail channels of home appliances, accounting for a 22.7 percent market share, followed by Suning.com (21.1 percent) and Alibaba's online marketplace Tmall (10.1 percent).

Chinese entrepreneur and philanthropist Wendy Yu will be honored with the Millennial Leadership Award. The Beauty Award, an inaugural award of the gala this year, will go to American cosmetic giant Estee Lauder, which has over 2,000 retail locations in more than 129 Chinese cities.