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Chinese investment in American professional sports could attain new heights if a recent news report is accurate.

Chinese e-commerce giant JD.com has developed a comprehensive digital reading "eco-system" including its reading app, electronic reading gadgets and audio e-books.

Chinese cities have developed quickly their economic competitiveness in recent years, and the country's urban development has entered a new phase of overall upgrading, the report said.

Chinese companies making overseas investments must focus more on risk prevention and asset safety as foreign nations are constantly changing scrutiny rules, said the former president of China's 1 billion sovereign wealth fund.

Chinese new energy vehicle startup Aiways is set to acquire part of Jiangling Holdings' equity in exchange for investing 1.75 billion yuan (2.65 million). It is believed by insiders to be a solution to help the startup get a production qualification.