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Backed by 5G, China's mobile ecosystem is expected to add 6 trillion yuan in value to the national economy in 2023, up from 5.2 trillion yuan last year, the report added.

Baidu forecasts generating 23.13 billion yuan to 23.75 billion yuan in total revenue in the third quarter, representing an annual increase of 26.7 percent to 30.1 percent, according to the company's announcement.

Backed by Jinri Toutiao since 2016, Douyin now has more than 62 million monthly active users. It received 3.8 billion video views in February, data from Analysys showed.

Back in late 2017, the carmaker released its Strategy 2025, which outlined its plan to consolidate existing businesses and accelerate the expansion of new businesses, including electrification and connectivity, to achieve green and sustainable growth.

BYD's representative in Chile Tamara Berrios said the quality buses have opened the door of the local market, as more buses are imported to enhance the local mass transit system.