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Ant Financial Services Group has become a new technical associate of international secure-payments consortium EMVCo, according to a recent announcement of EMVCo, a move that will provide fresh impetus to the Chinese company's going global efforts.

Another joint venture, FAW-Volkswagen, will bring to the market SUVs under both Audi and Volkswagen brands in 2018. "We are up to now underrepresented in the SUV market. You know the biggest growth rate (of the Chinese market as a whole) is in SUVs, especially the budget SUV segment where we do not have offerings at present," Heizmann said.

Any presidency is always in a struggle to retain influence and credibility. Why would you inflict that on yourself? When you can’t answer something, or you don’t have a good answer to give, you say, “I [won’t] take that question,” or, “I don’t have an answer for you.” You don’t lie. There doesn’t seem to be that standard today.

Anta Sports Products Ltd, the mainland's largest sportswear retailer by market value, posted record annual profits for a third year in a row as its multi-brand strategy paid off and the company gained from the rising demand for sportswear and sporting goods in the country.

Ant Financial, operator of the world's leading payment platform Alipay, said in a statement that Alipay will work with WorldFirst to better serve global small businesses, promote inclusive finance and contribute to sustainable development in the world.