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Statistics from the China Passenger Car Association show that Beijing Hyundai sold 415,000 cars from January to July, a nearly 30 percent slump year-on-year.

Starting from May 1, the value-added tax rate for manufacturing will be lowered from 17 to 16 percent; and the rate for transportation, construction, basic telecommunications services and farm produce will go down from 11 to 10 percent.

Starbucks Corp employees prepare coffee at a store in Shanghai. [Photo/Agencies]

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Stay tuned for more coverage of the GeekWire Summit throughout the day.?Head here for a live stream.

State-owned China Unicom announced in August last year it would attract industry heavyweights including Alibaba Group Holding Ltd, Tencent Holdings Ltd, Baidu Inc and JD as private investors, to streamline its organization, cut redundant departments and boost efficiency.

Statistics from the China Automobile Dealers Association, released last week, show that 1.2 million used cars were sold in May, up 21.02 percent from the same period last year.

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Starting April 8, Porsche's China sales company will recall 505 Panamera models manufactured between Aug 17 and Sept 26, 2018, according to the State Administration for Market Regulation (SAMR).

Statistics also showed that Huawei Technologies Co Ltd continued to lead China's smartphone market during the third quarter of last year, with a 23 percent market share, followed by Vivo and Oppo, which account for 21 percent respectively. Apple ranked fifth, taking up only 9 percent of the market share in China.

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Staying in the US or going back to China after graduation has long been a dilemma for many students, including her, she said, but the outbreak and how events have unfolded in recent weeks became an impetus for many to choose their home country over the US.

Starting 2013, qualified virtual telecom operators can resell mobile communications services to introduce their own brand of telecom services through leased telecom operator's networks and facilities or other forms of cooperation.