Last year, more than 2,400 companies were registered in Horgos. The city's GDP was 5.12 billion yuan in 2016, up 278 percent from 2015.
Last year, it piloted a program allowing residents in Guangdong province to link their national identity cards to WeChat, circumventing people's needs to carry a physical card.
Large enterprises, usually characterized by massive internal and external systems and complex industrial scenarios, require strong technical strength to help tackle such complexities. Small businesses, on the other hand, are quite often daunted by the large amounts they have to invest in cloud connection and in equipment and staff, according to Zhang.
Last month, Ofo founder and chief executive Dai Wei said in a letter to employees that the company is battling "immense" cash flow problems and disbanding the firm has been considered as an option.
Lanzhou Veterinary Research Institute of the Chinese Academy of Agricultural Sciences. [File photo/Chinanews.com]
Last month, Element joined street markets in the Bund organized by the local authorities. More than 100 vendors set up stalls free of charge as part of efforts to promote the street and night economies to boost consumption.
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Last year, 1.26 million new energy vehicles were sold in China, up 61.7 percent year-on-year, and the figure is expected to reach 1.6 million this year, according to the China Passenger Car Association.
Last September, authorities ordered a ban on ICOs and shut down all virtual currency exchanges in the country, as the rapidly expanding market triggered concerns over financial risks.
Last September, Ping An and CFLD entered into a strategic partnership. This project was the first joint project implemented on business level under the new partnership.
Large-scale airports posted more sales revenue from their non-aviation business, especially in duty-free retail stores catering to affluent international travelers, helping to offset slower passenger throughput growth at major hubs in the country.