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CVC funds are different from traditional venture capital or VC firms. While the latter are by and large driven by the goal of maximizing returns on their short-term investments, CVC funds such as Intel Capital, Google Ventures and Alibaba-backed Blue Pool Capital accord priority to strategic, long-term objectives.

Cai Fangliang, president of Feihe Dairy, said the goal of the company in 2017 will be to focus on developing and researching their formula, suitable for infants and toddlers.

Calling Yang's remarks on "American-ness" the "most upsetting part" of his article, Nancy Yao Maasbach, president of the Manhattan-based Museum of Chinese in America, said that what that line has done is to negate the very existence of being "an US citizen with Asian heritage".

COSCO Shipping Holdings reported that its net profit attributable to share holders grew to 1.86 billion yuan in the first half of this year, compared to a loss of approximately 7.17 billion yuan in the same period a year ago.

CHICAGO- America's auto giant Ford company announced on Tuesday it plans to move its Focus production to China in 2019.