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Anta Sports Products Ltd, the mainland's largest sportswear retailer by market value, posted record annual profits for a third year in a row as its multi-brand strategy paid off and the company gained from the rising demand for sportswear and sporting goods in the country.

Any person who fails to comply with the court order may be held in contempt of court and is liable for imprisonment or a fine.

Any company planning to do business beyond the home market should have a large pool of international talent and deep knowledge of local culture, according to Lei Jun, founder of Xiaomi.

Ant Financial has accelerated its pace of opening up its technological capabilities in recent months to financial institutions.

Aoqian Taiwan Town, which opened in June 2014, is a duty-free commodity market tailored specifically for businesses from Taiwan. As of March it had attracted 270 tenants from Taiwan to open stores, with goods worth 3.3 billion yuan (2 million) imported from Taiwan.