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UnionPay also introduced its digital wallet solutions in more than 17 institutions across 11 countries and regions including Southeast Asia, the Middle East and China's Hong Kong and Macao. The e-wallet solution is helping to localise UnionPay's mobile payment services to meet the needs of cardholders to make scan-and-pay transactions.

Under the new circumstances, many domestic firms have cast off their previous role as OEMs to gradually build their own brands to upgrade business, as well as take steps to leverage existing e-commerce platforms to participate in online events, sales and transactions to secure orders and market share, said Zhang Xiaoqiang, vice-chairman of the Beijing-based China Center for International Economic Exchanges.

Uni-President has found that instant noodles are no longer bought by hungry consumers. Young consumers buy them to enjoy exotic flavors or to stay healthy.

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United Airline CEO Oscar Munoz.[Photo/VCG]

Under the terms offered, publishers would also be allowed to terminate contracts that link discounts for e-books on Amazon to the retail price of the same books on other platforms.?Today, the EU formally accepted those commitments as legally binding.

Under the current pricing mechanism, if international crude prices change by more than 50 yuan per ton and remain at that level for 10 working days, the prices of refined oil products such as gasoline and diesel in China will be adjusted accordingly.

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Universities in all countries and regions are rated, and the higher the university is in the rankings, the more points it achieves for its nation.

Under single-class share structures, when a company does not make a profit - a common situation among tech startups - shareholders with substantial stakes often call for changes in the company's business scope to focus on short-term profits, undermining long-term potential, he said.

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Under the new guidelines, companies with systemic problems will be prevented from listing, while unqualified companies will be persuaded to withdraw their IPO applications.

United Overseas Bank (China) Ltd, a wholly owned subsidiary of Singapore-based UOB, opened a branch in Kunming, Yunnan province, on Thursday in an effort to help Chinese companies expanding into Southeast Asia.