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Corporate venture capital (CVC) in China grew rapidly with 20.3 billion yuan (.94 billion) funding in 2018, accounting for 17 percent of the total venture capital investments, and tech giant firms ruled the top five most active CVC investors, according to a new industrial report.

Courts in Beijing, Shanghai and Guangdong province have moved ahead of other regions since the reform was launched. Last year, for example, court presidents and chief judges in the capital handled 138,000 cases, up 52 percent year-on-year, according to the top court.

Covering a total of 170,000 square meters, this year's event in Shanghai showcased more than 4,000 games and digital entertainment products from over 300 industry leaders across the globe.

Consumers can apply to be part of Oppo's 5G smartphone experience program starting on Wednesday and the company will officially bring the commercial models to the market within two months. Huawei's 5G foldable smartphone Mate X is also scheduled to hit the market by the middle of this year.

Creative Capital, another business incubator and accelerator in Wuhan's Hongshan district, breeds diversified creative culture startups and has formed an industrial cluster that combines art workshop, museum, animation base, tech SMEs, e-sports and online game companies.