China's push to modernize its manufacturing with robotics is partly a response to labor shortages and fast-rising wages.
China wants car makers to stop testing until new regulations are in place.
The streaming site is trying to counter slowing growth in the U.S. with its move in January to launch in more than 130 new markets worldwide.
The U.S. fast food company had announced in March it was reorganizing its Asian operations by bringing in partners who would own the restaurants within a franchise business.
The deal will see the U.S. grocery giant swap its Yihaodian platform for a 5 percent stake in JD.com Inc., worth about $1.5 billion by the firm's latest market value.
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Plus: Taco Bell is giving away free Doritos Locos tacos today as promised during the NBA Finals.
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Plus: Shanghai Disneyland opened its doors today.
The funding round valued the company at more than $25 billion.
Echoing that growth, Chairman Jack Ma said Alibaba expects to have 2 billion consumers on its books by 2036, up from 423 million active buyers in 2016.
The latest fundraising comes with China's top ride-hailing company locked in a struggle to fend off its global rival's march into China.
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Hong Kong's location and economic freedoms makes it an ideal place spot to foster growth and penetrate the Chinese market.
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It's not as frightening as it looks at first glance.
The ecommerce company has been dogged for years by accusations that its online shopping platforms were conduits for counterfeiters and critics say it has not done nearly enough to stop the problem.
China's quest is global dominance of the tech industry. It could overtake Silicon Valley.
China is a communist nation of close to 1.4 billion people where there has been explosive new growth and business opportunities alongside regimented government control over its media and the civil liberties of its citizens.
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© 2016 Entrepreneur Media, Inc.