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Chinese firms grabbed an unprecedented 115 places on the Fortune Global 500 list in 2017, with the number of Chinese firms making the list increasing for 14 consecutive years. China State Grid Corp, the country's largest grid operator, and oil behemoth China Petroleum & Chemical Corp ranked No 2 and No 3 on the list, respectively, with their revenue reaching 5 billion and 8 billion in 2016.
Chinese internet search giant Baidu Inc reported its total revenues reached 27.2 billion yuan (.96 billion) in the fourth quarter of 2018, an increase of 22 percent year-on-year, while its net profit was 2.1 billion yuan, a 50 percent decline year-on-year.
Chinese e-commerce giant JD will speed up efforts in technology investment and said its expenditure on research and development amounted to more than 13 billion yuan (.9 billion) in the first three quarters of this year, surpassing the 12.1 billion yuan it spent in 2018.
Chinese businesses are optimistic about the future of the British real estate market after Brexit. According to the UK Commercial Property Investment Review 2017 published by CoStar, a leading provider of commercial real estate information services, Chinese investments in the British commercial property market in 2017 (including those from Hong Kong) totaled ￡8.246 billion, topping all foreign investment in the UK. I am glad that this year the purchase of the new premises of the Chinese Embassy in London has contributed to this figure.
Chinese home-sharing company Xiaozhu Inc reached a strategic agreement with Hainan provincial tourism development and reform commission on Wednesday in Haikou, capital city of Hainan province, to develop rural home-sharing business on the tropical island.
来源：资阳报