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Apart from the mature market abroad, CIMC Enric also expects the acquisition to help the company strengthen its position in the growing Chinese market, as CIMC Enric believes the growth pace of craft beer in China will remain at 40 percent each year, although currently the business only occupies 1 percent of the domestic market.

Another report this week by Re/code suggested that Amazon.com may be looking to expand its gaming console efforts, following its?acquisition of Double Helix Games. Picking up on a job listing for an industry veteran with?“Android and iOS game development experience” — the position has led some to speculate that Amazon might be working on its own gaming console.

Another source said the LBS unit hired Zhang Shaowen as tech leader. Zhang was earlier serving as vice-president of used car platform Renrenche. Before that, he was general manager and chief web architect of intelligent navigation at Baidu Map.

Ant Financial executive chairman Jing Xiandong said China's experiences in e-commerce and digital economy can be replicated in many countries along the Belt and Road.

Anticipating her arrival, Dhillon testified that he had found a Wikipedia page about Huawei that said the Chinese telecom company doesn't operate in the US because of security concerns and that Huawei was suspected of violating US economic sanctions against Iran, according to The Canadian Press.