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Ding Lei, CEO of 163.com, said at the summit that companies on the two sides can learn from each other to make better products for customers around the world.

Despite the vast potential of the Chinese market, Goller said companies will continue their success only by meeting local customers' demands.

Ding's company took in more than 10 million yuan (.6 million) in revenue annually since it was established in 2004. While guaranteeing solid profits, the business also threatened the environment.

DoD surprised many in November by awarding the billion, 10-year contract to Microsoft, as Amazon was long seen as the frontrunner for the project. The Pentagon was expected to announce a winner over the summer, but the timeline was delayed?after Trump expressed concerns about the fairness of the process.

Development of financial technologies and digital transformation are vital for Chinese small and medium-sized lenders to survive and grow as competition and financial risks intensify, officials and industry leaders said.