In traditional wealth management, no more than 10 such reports are assessed by experts a day. Thus, the automated wealth management service will greatly decrease expert fees and increase efficiency."

Tang Ning, CEO of CreditEase Corp, a Chinese peer-to-peer lending and wealth management company that launched ToumiRA, a computerized investment advisory service, in late June. The "robo adviser" aims to help small investors create global portfolios inexpensively.

"Any security challenge faced by one company could become the threat for us all. So Alibaba will work harder to empower more partners with its security control technologies and make a contribution to safeguard the entire ecosystem."

Zhang Yong, CEO of Alibaba, which announced the creation of an e-commerce ecosystem security alliance.

"A strong patent portfolio is key to rapid international expansion. For Huawei, which has poured millions of dollars into research and development, taking Samsung to court can boost its international brand image."

Di Jin, a researcher at International Data Corp. Shenzhen-based Huawei Technologies Co Ltd confirmed recently it had filed patent infringement lawsuits against rival Samsung Electronics Co at two courts in China.

(China Daily Africa Weekly 07/15/2016 page24)