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As a cutting-edge technology that is sought after worldwide, the AI industry is regarded a new growth engine for Shanghai, a city with special advantages in big database, industrial foundation, and sufficient talents from universities and institutions, according to Chen, adding that the massive data resources are the first and foremost element for developing AI technology.

As alliance partners, Nissan and its affiliate Mitsubishi would benefit from an estimated 1 billion euros in annual savings from the merger, FCA added.

As charitable causes proliferate, an improved ecosystem for philanthropy is becoming more important.

As a result of China's growing status in the mobile gaming industry, foreign companies are keen to crack it, even though it is the most difficult market to enter, according to Wehmeier of Atomico.

As an expat, I'll concede, however, that it's relatively easier to register on and use tech-driven Chinese apps, websites and services. Last month, I was aghast to note India's new-age mobile and internet services provider does not accept a valid passport as proof of identity to issue a new SIM card. It insists on an ID that India's Supreme Court had already ruled is inessential or optional. Suffice to say the Chinese ecosystem is definitely better geared to innovate technology for making life easier for common people.