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BYD chairman Wang Chuanfu said on Saturday that BYD has mastered techniques to extract lithium from the salt lake.

Based on the Global Games Market report, released by gaming analytics company Newzoo in June, the nine-month freeze has heavily impacted China, and as a result the Asia-Pacific region is no longer the fastest in growth.

Baidu has invested heavily in Apollo, its open-source driverless vehicle software, as it diversifies from internet advertising into artificial intelligence, the Financial Times reported. However, the report notes that "while many companies are looking at the Apollo platform, only China's BAIC has committed to production programs." The company's goal is to have Level 4 driverless vehicles (on a scale of 5 with 0 being no automation) in production by 2021.

Backed by Chinese social media and gaming titan Tencent Holdings Ltd, Douyu said it plans to use more than 60 percent of net proceeds from the offering to focus on offering premium esports content, expand the content genre, research and development of technologies, and work on big data analytics. The rest of the funds will be used to support marketing activities, working capital, and for potential acquisitions, investment and alliances.

Babaev, 28, has a keen interest in China's poverty relief program since he started teaching economics and management at Anhui Finance and Trade Vocational College. This fall, he visited the Dabie Mountains, one of the poorest areas in central China, where he met with local people and heard about their stories of struggle and success.