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Chinese e-commerce tycoon Jack Ma has confirmed he is to make his debut next month in a kung fu film alongside action stars such as Jet Li and Donnie Yen.

Chinese consumer technology giant Xiaomi Corp is likely to make the list of the world's top 500 companies in 2019 after recording a revenue surge in the first quarter of the year, according to the company's top executive.

Chinese news website Qianlong later said further research had shown the vulnerability — called Key Reinstallation Attacks, or KRACK — was not a major problem as it required a hacker to be within a certain range of his or her target.

Chinese businessman Glad Cheng traveled to Muscatine in 2013 and bought the house where Xi had stayed for two nights in 1985 and turned it into a Sino-US Friendship House.

Chinese enterprises are apparently no longer inferior to their global peers in scale, but they have a long way to go concerning raising competitiveness and diversifying business models through technological development, said Su.