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That includes the US' willingness to address China's demands, such as its status as a market economy, and a fair treatment of Chinese investment in the US, in particular scrutiny by the Committee on Foreign Investment in the United States (CFIUS), which has been increasingly discriminating against China.

Tencent established Hetai Life Insurance Co Ltd in July, 2015, which started business officially last year after receiving regulatory approval.

Tesla Inc sent a jolt through the automotive world on Tuesday when it announced plans to build a factory in Shanghai that eventually will be capable of cranking out 500,000 vehicles a year.

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Technology-related infrastructure is seen as the way forward in driving economic transformation in the Bay Area and reviving the economy amid the COVID-19 outbreak. He Shusi reports from Hong Kong.

Television images showed a brick-lined building that had completely collapsed from the force of the explosion.

Tencent recently signed a number of creative partnerships with the UK government, including deals within the gaming industry.

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Tencent's logo rippling on the water surrounding a fountain. [Photo/IC]

Technology, innovation and startup companies and brands have emerged at a rapid pace, such as mobile manufacturer Huawei, internet giant Tencent, drone maker DJI and DNA-sequencing research center BGI Genomics Co Ltd.

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That is interesting because this year saw some internet companies in China cutting jobs, which spread fears that such layoffs could become the industry rule rather than the exception, experts said.

That could be a huge selling point for parents, who feel they may have already sunk hundreds of dollars into tablets and other wireless devices that their kids are already using for non-educational things, like playing games and watching video.