Just 16 months after his IT startup was founded in the provincial capital Wuhan, returned overseas Chinese Peng Bin signed a sales contract worth nearly 100 million yuan ($16.2 million). The contract was for 60,000 sensors developed by his company to monitor temperature and humidity levels in pharmaceutical transportation and storage facilities. The device can collect data to help evaluate whether the environment meets the appropriate standards. The tech university graduate owns more than 30 patents and migrated to Australia in 2010.

(Source: China Daily)