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Apart from the Changsha factory, the company has built four research centers, five flagship stores, and two product production factories respectively in Nanjing and Suzhou of Jiangsu province, employing about 1,200 locals in China.

Apolong is developed in partnership with Chinese bus manufacturer King Long and will be put into commercial operation in several Chinese cities including Beijing, Shenzhen, Xiongan, Wuhan and Pingtan. The production volume of Apolong has reached 100 units at its manufacturing facility in Xiamen, in southeast China's Fujian province, according to Li.

Ant Group, which operates the mobile payment platform Alipay, announced on Monday that it will seek dual listing in Hong Kong and Shanghai. Eric Jing, executive chairman of Ant Group, said in an internal communication that the dual listings will be carried out to support the group's technology innovation as well its digitalization of services, which will help stimulate the country's domestic demand. Worldwide cooperation will be strengthened to seek sustained growth, he said.

Apart from the Supervision Law, the country has also adopted a large number of new laws and amended many others in the past five years.

Another business opportunity occurred to him when he learned that walnut hulls could be used in making dyes. Wang cooperated with a tech company in the city of Chengdu to extract plant pigment from hulls to make hair dye.