BizChina

Jack Ma, chairman of Chinese e-commerce giant Alibaba Group

China's e-commerce giant Alibaba Group held its grandest annual party celebrating the 18-year-old birthday at the Yellow Dragon Sports Center in Hangzhou, capital city of East China's Zhejiang province, on Friday.

Around 40,000 Alibaba employees from dozens of countries and regions attended the event, where the Group's Executive Chairman Jack Ma performed classic dance of superstar Michael Jackson and displayed sophisticated magic tricks.

Read more: Alibaba holds glitzy 18th birthday party in Hangzhou

2017 China Joy debut new games and show girlsChinaJoy is one of the most important events in the digital entertainment industry and attracts more than 60,000 visitors from all over the world every year.

ChinaJoy 2017 is taking place in Shanghai at the end of the month (27-29th July).

The 600M gamers in China generated $24.6 billion in 2016, making the country the gaming capital of the world, accounting for an impressive 25% of the entire global market.

APAC – and China more specifically – forms a large majority of the entire global market.

Read more: 2017 China Joy debut new games and show girls

Dockless shared bicycles beat public bicycle-sharing system in China

Wuhan Public Bicycle Dock photo was taken on 14th June 2017.

In order to boot the Green Economy, China encourages its cities to build public bicycle-sharing system which is supposed to reduce the use of private car, and eventually ease the pollution. Hangzhou Public Bicycle, the world’s largest bike sharing facility, has bike stations in such abundance that one can travel the entire city on a bike for free, as the first hour of bike rental is free. Subsequent hours of  riding the same bike can be availed at a very minimal cost.

Read more: Dockless shared bicycles beat public bicycle-sharing system in China

China on the way to world auto power

China is set to build a globally competitive automotive industry within 10 years, with new energy vehicles and smart, internet-connected cars taking the lead worldwide, according to an industry guideline released on Tuesday.

Among other goals, it expects sales of electric, plug-in hybrids and fuel cell cars in the nation to reach 2 million by 2020, and such cars are to account for 20 percent of all auto sales by 2025.

Half of new cars in China will feature some driving assistance and low-level autonomous driving functions by 2020, and the number is expected to rise to 80 percent in 2025.

Read more: China on the way to world auto power

On-demand mobility company Didi Chuxing has added a bike-sharing service from ofo, and will promote it across China.

Didi users will have direct access to ofo's bright yellow bikes in the app through fully connected services in registration, user authentication, deposit, ride payment, and customer support, according to a Didi press release Thursday.

Didi, China's leading car-hailing service, which boasts over 20 million daily orders, made a strategic investment in ofo, one of the country's top bike-sharing services, in September 2016.

The product linkup is a major step towards more extensive collaboration in shared mobility, according to the press release.