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As LeEco became Coolpad's largest shareholder in October last year, the report combined the two companies' smartphone shipments.

Around 300 of their relatives arrived in Shanghai on Wednesday and awaited the search result, according to Red Star News.

Arbor Pharmaceuticals, headquartered in Atlanta, Georgia, focuses on the cardiovascular, hospital and pediatric markets. New York-based private equity firm KKR agreed to buy more than 25 percent of Arbor in late December, which valued the privately held company at more than billion, according to Reuters.

As China's financial hub, Shanghai has maintained its standing as a favored destination for investors by concluding the most cross-border deals in the country, a real estate forecast report called Emerging Trends in Real Estate Asia-Pacific 2020 jointly published by the Urban Land Institute (ULI) and PwC said.

As AB InBev's biggest Budweiser brewing and bottling facility in the world, the Foshan brewery in Guangdong province delivers 20 percent of its global production volume.