Home appliance maker’s new arm to focus on smart component R&D. Gree Electric Appliances Inc, a major home appliances maker based in Zhuhai, Guangdong province, has set up a subsidiary focused on the design, development and sales of computing chips, according to the local industrial and commercial authority.

Three Chinese companies — Alibaba, JD, and Didi Chuxing — have taken positions on Fortune’s Change the World list this year, according to the business magazine.

As more Chinese people travel abroad during this year’s summer holiday, the boom in mobile payments has reached several countries, according to latest data from the nation’s leading mobile payment service.

The Chinese government will step up reform and roll out a series of new incentives to better remove hurdles hampering private investment and businesses and boost economic vitality, the State Council’s executive meeting chaired by Premier Li Keqiang decided on Thursday.

We would like to inform you that Viktor Bihari left ChinaCham on 15th of August for a better job opportunity. The secretarial duties will be provided by Lilla Valasinyovszki, the e-mail address of the chamber (levelezes@chinacham.hu) and the telephone numbers (+ 36-30-286-931, 36-1-414-7365 (9.00-13.00)) are unchanged.

Amazon’s cloud service platform, Amazon Web Services, has inked a strategic partnership with international consulting firm Deloitte in China, to help enterprises realize digital transformation and continued innovation.

China’s international trade in services grew by 17 percent year-on-year to $397.31 billion in the first half of 2018, setting a record even amid the current global economic troubles, the Ministry of Commerce said.

German carmaker Audi AG announced on Thursday that its sales in the Chinese market reached new record in July, as well as in the first seven months. A total of 53,191 units were delivered to Chinese customers in July, representing a year-on-year increase of 3.8 percent.

Cainiao Network, Alibaba’s delivery arm, has completed its first delivery test via drone helicopter in Jingdezhen city in East China’s Jiangxi province, the company said Thursday.

South African President Cyril Ramaphosa opened the 10th summit of the BRICS countries(Brazil, Russia, India, China, and South Africa) in Johannesburg, South Africa. Following regular meetings among their countries’ ministers throughout the year, the annual BRICS summit serves as a  platform for BRICS heads of state and government to affirm their joint commitments within the political bloc for the year ahead.