BizChina

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.

ChinaJoy 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.

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.

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.