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As the money flowed in, many companies have prioritized customer acquisition over profitability by offering deep discounts or free small-ticket deliveries. This has resulted in exponential expansion of the market with an annual growth rate of over 40 percent, said Eric Hor, associate partner of global consultancy Prophet.

As the automobile becomes more of a player in the digital world, that dynamic is attracting participants from China, the US, Europe and elsewhere. Because of the global nature of the market, some of those participants are seeking and finding opportunities with each other.

As protests over police violence continue across the country, Amazon, IBM and Microsoft all announce they won’t sell their controversial facial recognition software to law enforcement. But Amazon says it will only stop for a year. That earned the company some goodwill, but racial justice and civil rights groups called it a trivial concession.

As the Belt and Road Initiative gains traction, she believed the expansion of trade and investment links between China and its neighboring regions, including Malaysia, will encourage further adoption of the Renminbi.

As stipulated in a draft－which is widely believed to vary little from the final version－it demands the credits an automaker earns from selling new energy vehicles should account for 8 percent of its total sales in 2018.