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Analysts said the modem is designed to compete with the US chip giant Qualcomm Inc's X50 modem in performance. Huawei underlined that it will not sell Balong 5000 as a standalone product, but just use it in its own smartphones.

An optimized livestreaming shopping process and experience holds the key to attracting consumers in addition to cost performance. According to the Nielsen study, some of the reasons why consumers are hesitant to use livestreaming e-commerce platforms are due to product quality, after-sales problems, less-than-appealing discounts, as well as being unable to obtain the product.

And appliance maker Dyson announced it was moving its headquarters to Singapore, from Malmesbury in Wiltshire, although it said the decision had nothing to do with Brexit.

Angela Chao, (front row, left of center) chairman and CEO of Foremost Group, is honored as a Pinnacle Awardee along with others at the annual Outstanding 50 Asian Americans in Business Awards Dinner Gala in New York on Wednesday. [Photo provided to China Daily]

Analysts at Citigroup said airlines will schedule flights without the MAX if the jet doesn't return to service in the fourth quarter. United Airlines said it will buy 19 used Boeing 737-700 jets to fill the gap created by grounded MAX aircraft. The 737-700 is an older, less fuel-efficient airplane introduced in 1993.