China | Page 5

Non-automakers and start-ups have rushed to begin making electric vehicles and hybrid vehicles as China's central government liberalizes the industry to promote a switch to electricity as an ultimate replacement for petrol to fuel cars.

These bots have moves you've never seen.

The futuristic city bus has made its real-world debut.

Down a side street bracketed by massage parlors and cheap hotels in this city on the banks of the Yangtze River, a humanoid food service robot trundles around the corner of a table in a cafe, red eyes flashing in tune with synthesized classical music.

Uber won't dominate the Chinese market but it keeps a significant share in the biggest ride-hailing app in the world's largest market.

The two companies on Monday confirmed the sale of Uber China to its bigger rival, ending a two-year, money-losing effort to break into one of the world's toughest markets.

China last week issued guidelines that establish a long-awaited framework for the booming ride-hailing industry and remove uncertainty for firms such as Didi and Uber.

The Apple Store is the envy of many in the retail world, with the highest sales per square foot in the industry.

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.

Plus: Taco Bell is giving away free Doritos Locos tacos today as promised during the NBA Finals.

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.

Hong Kong's location and economic freedoms makes it an ideal place spot to foster growth and penetrate the Chinese market.

It's not as frightening as it looks at first glance.

'China has set a clear precedent with nearly every other tech company that operating in the country comes with certain strings attached,' analyst says.