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China's IP in Foreign Eyes

The 2019 box office was then almost single-handedly rescued by the August arrival of an unlikely mega blockbuster: Chinese 3D animation NeZha. Helmed by self-taught first-time feature director Yang Yu, aka Jiaozi, the film went on to earn an astonishing RMB 4.97 billion ($710 million). Noting the similar success of local sci-fi The Wandering Earth, which brought in RMB 4.66 billion ($665 million) over Chinese New Year in February, Maoyan's report emphasized how top-heavy and winner-take-all the Beijing film industry remains, with just these two titles alone representing nearly one-sixth of China's annual box office total to date.

——China's 2019 Box Office Hits All-Time High, The Hollywood Reporter

Comment:

Viewers are more willing to pay for movies with high-quality contents at a time the market is inundated with mediocre products. Premium copyrighted contents originated from the likes of NeZha and The Wandering Earth hold the key to constant growth of China's box office.
Flora Tang, a research analyst at Counterpoint Market Monitor, said the world's biggest smartphone maker also lost out as local competition grew. Over the last few years, homegrown players such as Huawei, Oppo, Vivo and Xiaomi have become more popular, and they have grabbed market share from Samsung with their strong product portfolio, affordable prices, more localized services ecosystem and extensive sales channels, said Tang.

——Samsung admits defeat in China's vast smartphone market，CNN

Comment：

In recent years, Chinese smartphone manufacturers have focused on innovation and patent layout related to smartphones, which has led to a steadily increasing market share. China's strictly IP protection will also safeguard smartphones innovation in terms of technology, software, equipment, and service.
5G commercial services are now available in 50 cities, including Beijing, Shanghai, Guangzhou and Shenzhen, according to Chinese state news agency Xinhua. In Shanghai, nearly 12,000 5G base stations have been activated to support 5G coverage across the city's key outdoor areas. China's commercial network is the biggest, according to Bernstein Research, giving the country more influence over the technology's global evolution.

——China just launched the world's largest 5G network, CNN

Comment:

China's efforts in intellectual property protection and favourable business environment have boosted Chinese enterprises' innovations in the field of 5G technology, and also allowed China to play an important role in global 5G technology progress.
Recently, a report revealed that China airlines and airports are upping the ante in passenger service by fully leveraging technology, particularly artificial intelligence and automation. As a result, they're able to provide the hyper-personalized self-service experience that passengers are demanding. These technologies are also being used to expand mobile services and to automate the passenger's entire journey.

——How technology helps China take 'first place' in the passenger airline space，by Techwire Asia

Comment：

Innovation is changing our lives and bringing more and more convenience to customers in China. In recent years, the Chinese government has stepped up efforts to improve the level of IP protection, which has greatly encouraged innovators to carry out technological innovation in the service field. Innovation is around us.
"China is absolutely leading the world in AI," according to Frank Hester, founder of TPP, a UK-based healthtech company that has been doing business in China since 2013. " I've seen a change over the past 5 years in China." According to Alain Bénichou, CEO of IBM's Great China business, 14% of firms in China have embraced AI technology. He said the rate of adoption in China is higher than the global average, but there is room to grow.

——China's drive to be a world leader in technology could accelerate as its economy slows，by CNBC

Comment：

In recent years, the Chinese government has rolled out various policies to encourage the development of AI technology. Many enterprises have accelerated the pace of innovation of AI technology and actively carried out patent layout, helping China to make great progress in this field.
China State Shipbuilding Corporation officially debuted in Beijing on Tuesday, as a result of the merger between China's two leading shipbuilding companies China Shipbuilding Industry Company (CSIC) and China State Shipbuilding Corporation (CSSC). The newly established China State Shipbuilding Corporation has 147 scientific research institutions, enterprises and listed companies, with total assets of $112.41bn and 310,000 employees. It owns China's largest shipbuilding and repair bases and the most advanced ship development and research facility.

——China unveils world`s largest shipbuilding group, by Seatrade Maritime News

Comment:

The newly established China Shipbuilding Corporation will take on the task of leading China from a big shipbuilding country to a powerful shipbuilding country, which can not be separated from the support of the enterprise's adherence to self-innovation and improvement of IPRs for many years.
But the 2022 Winter Olympics are coming and neither weather nor trade war can stop the world's most populous nation from cultivating the greatest snow sports boom the world has ever seen. Groups hold school assemblies to preach the joys of sliding on snow. It's all part of the People's Party plan to create 300 million Chinese "winter sports enthusiasts" by the time the Games roll around.

——Ready, Set, Ski! In China, Snow Sports are the Next Big Thing, by The New York Times

Comment:

With the 2022 Winter Olympics coming and the upsurge of ice and snow sports in China, Chinese ice-snow companies should seize the opportunity, implement brand strategy and improve the market competitiveness, visibility and influence.
Maoyan Entertainment and Tencent jointly released their first report on China's movie industry. The report presents the latest trends and opportunities resulting from the industry's evolution from a simple combination of the Internet with the movie industry, to a transformation with the more deep penetration of the Internet into the full value chain of the movie industry. "Tencent and Maoyan aim to leverage various Internet products, technologies, data and ecosystem to serve the whole movie industry, including production, promotion, distribution and IP development and commercialization," said Maoyan CEO Zheng Zhihao.

——Maoyan and Tencent Release First Report on China's Movie Industry, PR Newswire

Comment:

In recent years, Internet has been penetrating the movie industry with constant development of scientific technologies. More excellent works will be produced through copyright operation by invoking the Internet platform
Chinese ride-hailing service Didi Chuxing could start offering advertising and other services once the rollout of 5G technology speeds streaming and web-based products for mobile users, its president said on Friday. "It is not our current focus yet. However, when 5G comes, when the experience inside the car can be significantly improved, we think we can have better content," said Didi President Jean Liu. The advent of 5G could allow passengers to access content such as karaoke or soap operas on the move, she told a panel at the New Economy Forum.

——China's Didi could offer more services with advent of 5G, Reuters

Comment:

In recent years, China has been strengthening IP protection of 5G technologies in order to promote the patent application in some fields such as self-driving vehicles. The 5G ultra-fast mobile Internet services launched in China this year will bring more opportunities for companies including Didi.
China, is now looking to become a global leader in areas from blockchain to artificial intelligence (AI). In 2017, Beijing laid out plans to become the world leader in artificial intelligence by 2030, with the aim of making the industry worth 1 trillion yuan ($147.7 billion).5G is set to play a key role in technology development moving forward. The country will account for the largest number of 5G connections by 2025, more than North America and Europe combined, according to mobile industry body GSMA.

——CNBC，China throws its weight behind A.I. and blockchain as it aims to be the world's tech leader

Comment：

Blockchain, as a new applied technology, records all aspects of trading activities and cannot be tampered with. Innovative subjects should grasp the opportunities of Blockchain technology development and increase the cultivation of high-value patents from the aspects of technological innovation and intellectual property layout.
Chinese e-commerce giant Alibaba set a sales record on Singles Day, the world's largest 24-hour shopping event. At the end of the event, GMV stood at 268.4 billion yuan, just under a 26% rise from the figure posted last year. To help boost sales, Hangzhou-based Alibaba expanded the number of discounted items in this year's event and put a heavy emphasis on livestreaming via its platforms to help sell goods.

——CNBC，Alibaba breaks Singles Day record with more than $38 billion in sales

Comment：

Under the growth of live shopping, brings huge economic benefits, however，the live broadcasters should respect the intellectual property rights of the brand. Only by properly promoting brand products can we achieve long-term healthy development.
The Baidu ABC Cloud Group & Edge Security Team is the 11th organization to win the Superuser Award. Baidu ABC Cloud Group and Edge Security Team integrated Kata Containers into the platform for all of Baidu internal and external cloud services including edge applications. Their cloud products, including both VMs and bare metal servers, cover 11 regions in China with over 5,000 physical machines. Today, 17 important online businesses have been migrated to the Kata Containers platform thus far.

——Baidu Wins Superuser Award with Massive-Scale Deployment of Open Infrastructure Technologies in Production, PRWeb

Comment:

With the rapid development of cloud computing, Baidu has been focusing on technological innovation and valuing IP deployment. The winning of the Award is the recognition of its innovative achievements in the area.
China's Tencent Music Entertainment Group reported better-than-expected third-quarter revenue on Monday, as the music streaming company added more paying users. Tencent Music, which has a user base of more than 900 million, has been shifting more of its content behind a pay wall since May. The company, controlled by Chinese tech giant Tencent Holdings Ltd, said paid users of its online music service jumped about 42% in the reported quarter.

——Tencent Music's quarterly revenue beats on subscriber growth, Reuters

Comment：

In recent years, Tencent Music has been strengthening IP protection through paid content subscribing with the improving awareness of copyright protection. The reported third-quarter revenue is the result of Tencent's efforts in IP protection.
Recently，The country's three state-run telecom operators launched services for the next generation wireless technology , Including China Mobile (CHL), China Telecom (CHA) and China Unicom (CHU) are all offering 5G plans, giving Chinese internet users access to the ultra fast service. 5G commercial services are now available in 50 cities, including Beijing, Shanghai, Guangzhou and Shenzhen. In Shanghai, nearly 12,000 5G base stations have been activated to support 5G coverage across the city's key outdoor areas.

——China just switched on the world's largest 5G network, by CNN

Comment：

In the era of 5G, technological exchanges and cooperation among countries as well as market-oriented transactions are increasingly frequent. Only by accelerating 5G network coverage and technology popularization, intensifying research and development, and mastering independent intellectual property rights, can we sail far in the era of 5G.
In recent years, China-Japan co-production have drive cross-border cooperation to unprecedented levels in the film sector. Major players from both countries are also looking for ways to tap into the Japanese industry's expertise to capitalize on the Chinese audience's growing appetite for domestic animation. Japan's Toei Animation and powerhouse Chinese studio Bona Film Group are currently at work on the big-budget animated co-production China-Japan co-production, The Monkey Prince and Legend of the Demon Cat, could be considered a modest success case for the two industries.

——Tokyo Content Market: Japan-China Film Industry Collaboration Rapidly on the Rise, by Hollywood Reporter

Comment:

In recent years, more and more Chinese film companies have begun to deploy overseas markets. Attach importance to the protection of copyright and other IPRs, which is conducive to the long-term and healthy development of China's film industry and shine on the world stage.
IQIYI, Inc. ("iQIYI” or the "Company”), an innovative market-leading online entertainment service in China, jointly with Galaxy Internet TV, recently unveiled the "AI Seniors Mode” (the "Mode”) on the company's smart TV application QIYIGUO TV (the "APP”). Based on iQIYI's precise understanding of the users' TV watching behavior and content preferences, the Mode has been met with great acclaim since its launch and has served as an innovative solution that caters to the unique need of senior users.

——iQIYI Launches "AI Seniors Mode” on QIYIGUO TV, Further Improving Care for Elderly Users, PR Newswire

Comment:

As China's leading smart TV application, QIYIGUO TV actively explores and upgrades its content and viewing experience through utilizing its rich content sources and advantages in technology innovation. The new mode will contribute to the steady increase of the users for the application.
Disney and Lucasfilm are going back to basics to try to build an audience for the Star Wars franchise in China. The House of Mouse-and Skywalker-has inked a first-of-its-kind distribution deal with Tencent's China Literature, the Middle Kingdom's largest e-books and online reading platform, to license and distribute 40 translated Star Wars novels for Chinese readers. The partnership, which was unveiled in Shanghai on Wednesday, also will entail the two companies working together to develop and publish the world's first authorized Star Wars online novel written by a Chinese author, according to a press release shared by Disney over the official Star Wars Weibo account.

——Disney Partners with Tencent Subsidiary to Build Chinese Fan Base for ‘Star Wars', The Hollywood Reporter

Comment:

As one of the world famous entertainment enterprises, Disney has been prudent in copyright cooperation. The partnership reflects Disney's confidence in China's copyright protection.
Universal Beijing will leverage the Alibaba Business Operating System to digitize the operations and management of the theme park. Via the Chinese company's online travel platform Fliggy, visitors will be able to buy tickets and book hotels through the Universal Beijing flagship store on their phones. Universal Beijing guests will also have the option of using Alipay's facial-recognition technology across the resort, from park entry to storage lockers to express-lane access and payment for merchandise and meals.

——Universal Beijing Resort & Alibaba Set Strategic Partnership For Next-Generation Theme Park Experience, The New York Times

Comment

With the ever-expanding face recognition technology and increasingly fierce market competition, IP protection on the basis of technological innovation can win a broader space for enterprise development.
Pension funds from California to New Jersey and college endowments pour money into venture capital and private equity firms, which scour the globe for the best investment opportunities. In recent years, many of these firms have turned to China, helping fuel the success of rising stars like drone maker DJI and artificial intelligence pioneer SenseTime Group Ltd.

——Teachers, firefighters from California to New Jersey seek Chinese tech riches, Los Angeles Times

Comment

China has become a rising power in artificial intelligence and facial recognition software. With the good business environment for innovation, investment and IP protection, the emerging market is attracting eyes from the world.
The evolving nature of China's biotech industry, especially when it comes to the "biologic" drugs has become a hotbed of cancer therapy innovation. About half of the biggest, global biopharma IPOs last year occurred in China. This presents a major shift for China. In the past, China, traditionally, had been much more focused on the generic market. That's changing. They want to go from becoming just a manufacturer to a true innovator.

——How China Is Transforming the Biotech Industry: Brainstorm Health, by Fortune

Comment:

Chinese companies must attach importance to patent protection, so as to achieve breakthrough in biotechnology sector, which not only gives a good protection for IPR-reliant products, but also effectively competes with domestic and foreign competitors.
All over Africa, in its clogged cities and fast-changing towns and villages, buildings are painted in Tecno blue and billboards offer the allure of the Tecno brand. What is Tecno, you may ask? Tecno is an Africa-specific brand created by Transsion, a Shenzhen-based handset manufacturer. Last year, Transsion sold more than 100m handsets.

——China is Cornering Africa's Ecommerce Market, by Financial Times

Comment:

In recent years, the number of patent infringement affairs of Chinese companies has shown obviously ascending trend in their push abroad. So they should build up the patent portfolio according to their own business and beef up IP protection.
China's massive investment in AI is changing the entire world at an accelerating rate. Just like climate change is accelerating, so is AI. China is already ahead in super apps, facial recognition, app ecosystems, E-commerce, payments and online to offline retail (o2o). China is, for all intents and purposes, playing a much longer game with the future of artificial intelligence.

——China's Artificial Intelligence is Fueling Innovation, by Forbes

Comment：

Amid of the rapid development and wide use of AI technology, many countries have been beefing up IP protection on this regard. Chinese business should take a patent portfolio-based approach for venturing out.
An impactful report by the Council on Foreign Relations underscores that the U.S. risks losing its worldwide innovation leadership to China. A narrowing gap between the U.S. and China in technology innovation leadership is a trend. National R&D spending is just one significant element of China's rise that I document in my book, which demonstrates how China's tech sector is challenging the world by innovating faster, working harder and going global.

——A Sputnik Moment For The U.S. As China Forges Ahead In Tech Innovation, by Reuters

Comment：

S&T is the invisible battlefield between great powers. In recent years, China is becoming a leader in innovation, reflecting by the facts that the Chinese government attaching importance on the protection of IPRs and promoting S&T innovation.
The Daxing is built for the future, boasting four runways and a terminal the size of 97 soccer pitches upon opening of the first phase. The ambitious master plan calls for the building of a total of seven runways, and moving at least 100 million passengers and 4 million tons of cargo a year through the airport. Five concourses connected to a main hall, Daxing aims to reduce walking for passengers, long a complaint about many new mega-hubs. The distance of between security checkpoints and the remotest gates is no more than 600 meters -- about eight minutes of walking.

——Beijing Daxing International Airport: China's new mega-airport ready to open, CNN

Comment:

Beijing Daxing International Airport has attracted worldwide attention, which can not only improve people's life, but also show great strength in innovation.
One early investment by the Silk Road Fund, a government established fund to promote development along the Belt and Road, is the renewable energy arm of Saudi Arabia's ACWA Power. China's portfolio of clean energy projects in the region continues to expand. As an increasing source of carbon emissions and a region traditionally reluctant to move away from fossil fuels, China's activities could have an important and significant impact on economic growth and lower pollution rates in the region.

——China's Growing "Green" Engagement in MENA, The Diplomat

Comment:

The Belt and Road initiative has provided favorable climate for Chinese enterprises venturing out. As Chinese business is becoming powerful in the field of clean energy, the company should file patent application in targeted field; so as to safeguard their rights in overseas markets.
Didi Chuxing ("DiDi"), the leading multi-modal transportation platform, today launched DiDi Engine, a Digital Innovators Initiative aiming to train young technology talents, build R&D capacities and develop "AI for Social Good” projects in DiDi's expanding international markets. Didi Engine is rolling out from Latin America and will feature joint labs and research programs with research institutions, technology fellowships and internship programs for young innovators, and app & software development projects. In phase one, the initiative also includes a joint lab in Santiago between DiDi and the University of Chile on AI and engineering research.

——DiDi Chuxing Launches Global Digital Innovators Initiative, YAHOO

Comment:

DiDi has built up strong technical power through independent innovation in the ultra-competitive market. The launch of DiDi Engine will enable the company to develop global market through innovative advantages.
Alibaba, along with Yunfeng Financial, an investment group backed by Alibaba founder Jack Ma, have entered into an agreement to invest approximately $700 million in NetEase Cloud Music as part of its latest funding round. Founded in 2013, NetEase Cloud Music boasts over 800 million registered users. The streaming service partnered with Alibaba's own service , Xiami, last year in an effort to share their content libraries. "Alibaba also looks forward to becoming a partner in the future development of NetEase Cloud Music and exploring innovative collaboration in the digital entertainment space," added Daniel Zhang, CEO of Alibaba Group.

——Alibaba to Acquire Minority stake in NetEase Cloud Music Streaming Service, Billboard

Comment:

In recent years, music streaming services have been gaining more users through copyrights. Alibaba's collaboration with Net Ease Cloud Music this time will create more benefits by sharing copyrights.
Nasdaq-listed Luckin Coffee is giving its teas their own branded stores, with a focus on smaller Chinese cities, as the rapidly expanding chain seeks new avenues of growth. The company, which introduced its Luckin Tea drinks in April, will initially open independently branded stores under that name in such leisure settings as shopping malls in second-through fourth-tier cities. "We will continue to maintain the high growth of the coffee business, while taking the tea drinks as another important driver to further explore the breadth and depth of the market,"Luckin Coffee Chief Operating Officer Liu Jian said in a statement Tuesday.

——Luckin Coffee hatches Luckin Tea, for China's smaller cities, NIKKEI

Comment:

Luckin has been building its brand by promoting new products or rolling out new services in ahyper-competitive market. Its move into freshly brewed tea reveals the company's branding strategy with an innovative spirit.
Chinese ride-hailing giant Didi Chuxing plans to start using self-driving vehicles to pick up passengers in a district of Shanghai city in a pilot scheme, the firm's Chief Technology Officer Zhang Bo, a senoir executive said, taking a further step toward commercializing self-driving technology. The cars will still be staffed with a human driver, he said, adding that over 30 different types of car models will be offered in the pilot service, all eqipped with so-called Level-4 autonomous driving capabilities. The trip distance can exceed 10 kilometers.

——China's Didi Chuxing to launch self-driving pickup service in Shanghai, Reuters

Comment:

Didi has been attacking autonomous driving with innovative spirit. The pilot scheme of self-driving vehicles will enable it to navigate its own path in this cutting-edge field.
"Security robots can be used in high-end neighborhoods, commercial and office buildings, industrial parks, and shopping malls. They can replace human guards to do the patrolling," in an AFP- English NEWSLOOK radio news, a Chinese researcher from smart robot company said on the Beijing's Robot conference. During the conference, robot technology fanatics flock to the activity.

——Robots rule at Beijing expo, USA Today

Comment:

With the continuous advancement of China's intelligent manufacturing technology, Chinese companies have gradually gained more attention to the development and innovation of applied intelligent robots, and thus expanded the larger market.
Didi, which first started as a competitor to Uber (UBER) in 2012, has increasingly diversified its business in recent years, partnering with automakers to develop connected car technology and even creating a spin-off app solely for auto services. The Chinese auto services sector is "a large market that hasn't been deeply digitally transformed," said Yu Xue, an internet research manager at IDC China. Didi's latest move is "a key step" to explore the space and branch out from its flagship operations, he added.

——Didi wants to help millions of drivers power their electric cars，CNN

Comment：

With perfect platform services and strong brand influence, Didi has gained a foothold in the shared economy market and is therefore able to enter the automotive service industry successfully.
Popular Chinese messaging app WeChat, with a user base exceeding 1.1 billion, has unveiled a new version of the app specifically for automobiles. The in-car app will allow drivers to keep updated with messages even when they are driving. Tencent's in-car WeChat platform is aimed at improving road safety by minimising the chance for drivers to stare at their phone screens while they are on the road, the company said. The new car-friendly app, which can be operated through voice control, will allow car drivers to operate the app through voice commands or the use of steering wheel buttons to check unread messages, send new messages, as well as make WeChat calls, technology giant Tencent said in a joint announcement with Chinese carmaker China Chang'an Automobile Group this week.

——Tencent's messaging app WeChat now available for cars, ZDNet

Comment:

Tencent has been fine-tuning WeChat since its release years back. The launch of the in-car app represents Tencent's ambition to expand market through innovative power.
Chinese budget smartphone maker Transsion is already dominating Africa with its Tecno brand. Now it's ready to raise its profile even more by joining China's splashy new market for tech stocks. The Shenzhen-based company said this week that it got the preliminary green light to list shares on the Star Market, China's answer to the Nasdaq. An IPO could push Transsion's valuation above $4 billion.

——Africa's favorite smartphone maker wants in on China's hot new tech market, CNN

Comment:

China's favorable climate for technology and innovation enable Chinese tech companies to fit comfortably in the target market and attract more local investors.
A laundry service in Wuhan, central China, will implant microchips into bed sheets, towels and quilts, which can be read by guests' cell phones to reveal the date of their last clean. Chips will be placed in the corner of the products by Wuhan Kunteng Laundry, which will provide cleaning services for many of the city's hotels and hostels, Chinese state-run media outlet Xinhua reported.

——Chinese city introduces hotel sheets that tell you when they were last washed, CNN

Comment:

The innovation is the latest in a wave of technological advancements sweeping through Chinese hotels. Based on the technology specializing in internet search services and artificial intelligence, Chinese hotels are becoming more popular with tourists.
Provided with a setup box, a webcam paired with a TV set and voice assistant, customers gain access to telemedicine and an SOS system as well as for-pay services that include housekeeping and meal deliveries. Launched just four months ago, Lanchuang's smart care system has already signed up 220,000 elderly clients in 16 cities. The company has sold several hundred sets of sensors in Beijing so far this year under three-year contracts with community organizations.

——Smart home tech makes inroads into China's emerging elderly care market, by Reuters

Comment

As a bleeding edge technology, intelligent technology has been integrated into all aspects of our life, changing people's lives. Chinese enterprises should seize this opportunity and use IP to protect innovative achievements in time.
China is an emerging source of product, portfolio, and business model innovation. Many companies are embarking on that journey. Beyond pipeline management and acceleration, companies are also tapping into China's innovation ecosystem. In the last three years we have seen AstraZeneca open a Commercial Innovation Center in Wuxi, Sanofi open a global research institute in Suzhou.

——China has become a CEO-level priority for multinational pharmaceutical companies, by Endpoints News

Comment

China's business enviornment is constantly improving, which can be reflected by the facts that more and more multinational pharmaceutical companies have set up their R&D centers there. In recent years, China has continuously enhanced IPR protection and the increasingly optimized business environment has attracted foreign enterprises to invest in China.
Chinese internet giant Tencent is set to buy a 10% stake in the Universal Music Group （UMG）, which is owned by French media conglomerate Vivendi. Vivendi said Tencent can help it to improve the promotion of UMG's artists in China, adding that it wants to "identify and promote new talents in new markets." Vivendi said the deal would value UMG at $34 billion , meaning Tencent's chunk of Universal would be worth $3.3 billion.

——Tencent In Talks To Buy 10% Of Universal From Vivendi For $3.3 Billion，Forbes

Comment：

Tencent's commercial strategic cooperation with UMG, while seizing the digital new market and new opportunities, must strengthen the protection of intellectual property rights in movies to create more art products and capitalize on its value.
Nowadays，Didi Chuxing announced that it would form a joint venture with the British oil major aimed at providing charging services to both Didi and non-Didi car owners and to scale up the charging network "significantly" in China after the joint venture with BP is established. BP has already linked its first charging site in the Chinese port city of Guangzhou with Didi's open automobile solutions platform.

——China's Didi partners up with BP to build an electric vehicle-charging network, CNBC

Comment：

Internet and big data computing can make electric vehicle charging network services more accurate and efficient. Through this cooperation, the two sides can help electric vehicle users to obtain a better service experience and promote consumption upgrade and industrial upgrading by tapping the Internet and big data information technology.
Enlight Media's Nezha has become the highest-grossing Chinese animated feature of all time, sailing past the RMB 1bn ($145m) benchmark and beating previous record-holder Monkey King: Hero Is Back, which grossed $138m in 2015. The film appears to be tapping into the young adult audience. According to online ticketing platform Maoyan, more than 50% of the film's audience is aged 20-29 years. It currently has a 9.7 rating on Maoyan and an 8.7 rating on influential film review site Douban.

——'Nezha' becomes highest-grossing Chinese animation in history, Screen Daily

Comment:

The popularity of the Chinese animation Nezha is much in relation to the quality content meeting the objective audience. The success of the movie will provide experience for making of more outstanding animated films.
The coffee company trying to topple Starbucks in China is planning to storm other big markets. Luckin and Americana signed a memorandum of understanding in Beijing on Monday and will run the new coffee business as a joint venture, the Chinese firm said. Luckin is fighting Starbucks in China by opening thousands of stores in the past two years and relying on technology for orders, deliveries and payments to give it an edge. It currently has around 3,000 stores across China.

——China's Luckin Coffee is taking on Starbucks in more big markets, CNN

Comment:

Luckin Coffee is developing its brand by expanding domestic and foreign markets in just one year. The innovative technology and business mode help it gain the advantage in market competition.