Shares of Tencent closed at HK0 per share, which puts its market value at 0.7 billion. It became the sixth ranking company in market value in the world, the company said.
Shang said that the success of Dahufa and two other Chinese cartoons - King of Heroes and Big Fish & Begonia - last year, didn't indicate that Chinese cartoons were experiencing a revival and he is not as upbeat as some commentators.
Shares of Blue Focus Intelligent Communications Group Co Ltd, an advertising agent for Facebook in China, were up 10 percent, the maximum daily rise, on the Shenzhen Stock Exchange to 5.89 yuan (87 cents), marking one of its best days in half a year.
She advocates construction of special economic zones, which she says would generate a significant number of jobs over a short period of time.
Shanghai authorities have also launched 103 city-walk tours on the theme of historic buildings as part of the ongoing Shanghai Tourism Festival.
Shanghai Motor Vehicle Inspection Certification & Tech Innovation Center Co Ltd, a national lab for motor vehicle inspection, announced a strategic partnership on Wednesday with Humanetics Innovative Solutions, a world leader in producing crash test dummies, to jointly develop a testing system to fill the standardization void for automated vehicle testing.
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Shanghai's Hongkou district has established an association focused on trash sorting as the city gears up to enforce its first regulation on domestic waste management.
Share prices of domestic duty-free companies soared on Wednesday after leading retailers like Bailian Group and JD Worldwide announced their interests in entering the sector on the back of favorable policies and China's efforts to boost domestic consumption.
Shanghai made a major breakthrough last year toward its goal of becoming an internationally influential science and technology innovation center, as an annual innovation index registered a record high of 224.9 points in 2016, according to a report released on Saturday.
Shares in Spotify, which offers both a paid and free music service, were down more than 4 percent in early morning trading Monday.