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Another tech giant Xiaomi set up an "Explorer's Lab" last year to research artificial intelligence and will release an "exciting AI product" in the coming six months, according to Lei Jun, founder and CEO of Xiaomi.

Another example is Wang Jing, a researcher from the Chinese Academy of Agricultural Sciences, whose team invented new ways to efficiently detect toxic chemical residues on farm produce.

Ant Financial Services Group, Alibaba Group Holding Ltd's financial unit, has invested 2.06 billion yuan (6 million) in HelloChuxing, giving the latter a unicorn valuation of .47 billion.

Apart from sending a work team to assist relief, it has allocated emergency funds of 100,000 yuan (,000) and sent supplies from its local branch to the affected region.

Any deal would add to the billion of acquisitions announced this year targeting European alternative energy assets, according to data compiled on the sector. Wind-related businesses have proven popular with bidders, as countries in the region push for greater reliance on renewable energy sources.