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The large State-owned commercial lender announced on Wednesday it realized 60.93 billion yuan (.59 billion) of net profit attributable to shareholders of the bank last year.

The latest investment would also pit Tencent squarely against archrival Alibaba Group Holding Ltd, which owns the booming yet unprofitable Alibaba Pictures that has joined forces with Steven Spielberg's film company Amblin Partners, among other overseas investments.

The key industrial segment is expected to see an overall 50 percent year-on-year jump in sales in China to 120,000 units this year.

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The investment unit, founded in 2016, aims to finance startups in emerging sectors. It has invested in a group of startups including AI chip maker Cambricon Technologies and electric vehicle startup Nio Auto, which quickly became unicorns - startups valued at more than billion.

The landmark fundraising this time was led by global investment management firm Coatue Management, Tencent Holdings Ltd, Sequoia Capital and Yunfeng Capital, a private equity firm backed by Alibaba founder Jack Ma.

The launch of the new X5 marks the finale of BMW's Year of X, which refers to the carmaker's decision to introduce more models in its X family into China－its largest single market worldwide.

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The issue of mining safety was thrust back into global prominence this year after a dam in Brazil holding back mining waste burst, killing more than 300 people.

The justices' decision to lift the freeze on the money allows President Donald Trump to make progress on a major 2016 campaign promise heading into his race for a second term.

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The land-sea corridor will be completed by 2035, providing better transportation capacity and world-class customs clearance and logistics services, according to the NDRC.

The large number of overseas Chinese, the stronger influence of Chinese culture, as well as opportunities presented by the Belt and Road Initiative and other policies are stoking global expansion of Chinese snack firms, said Jerry Hua, senior manager of PwC's food supply and integrity services.