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Telecom operators are stepping up construction of 5G base stations, which have totaled around 126,000 so far.

Thanks to his persistence and wit, Huang managed to persuade Xu, receiving the first round of investment that allowed him to set up 51Talk in July 2011.

Tencent said such regulations are not new, nor are they unique to China. "As technology companies become bigger and contribute more to the economy, more regulations will reflect the new realities needed. It's not just the case for China, it's also the case globally," it said.

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That is mainly because multinational companies want to further tap into the potential of the China market, which is huge compared to the rest of the world, due to the country's progress in scientific studies and further reform and opening-up, he said.

Thanks to opening-up

Tens of thousands of shared bikes have been dumped at a construction site in Hangzhou, capital of East China's Zhejiang province. [Photo by Long Wei/For China Daily]

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That is also the reason more international mining firms like BHP and Vale are looking to team up with Chinese counterparts, she added.

Tencent developed its own AI program, Jueyi, which has scored several key victories in matches around the world.

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That creates an "outside-in" opportunity for brands and marketers who look to invest and spend more inside of China, said Green.

Tempted, not necessarily by the fragrant aroma of beef noodles, but by Lanzhou's fertile investment environment, businesses around the world are knocking on the door.