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Around 54.5 percent of the market share was taken by Alipay, 39.8 percent by Tenpay, and the remainder by other third-party payment service providers including China UnionPay Merchant Services Co Ltd, a subsidiary of UnionPay, the report said.

As China develops its own technologies around medicine and electronics, those companies would want to protect their intellectual property. "The judicial system of IP in China is not mature, but it will get more mature as its own IP feels threatened."

Apple Inc will invest at least 1 billion yuan (0 million) as part of its plan to build a second data center in China, as the United States tech giant accelerates steps to localize its iCloud services in the world's largest smartphone arena, according to a source familiar with the matter.

Archrival Tencent announced a major restructuring in late September, setting up a dedicated Cloud and Smart Industries Group, among other endeavors as the internet giant honed its focus on the business-to-business market.

Around 20,000 television sets will be assembled from this cargo and sold in Europe, said Tony Wang, chairman of Shenzhen Chuangwei-RGB Electronics Co., Ltd which makes Skyworth television sets.