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Among them are Chinese actor Andy Lau, actress and director Sylvia Chang, Chinese-Japanese actor Takeshi Kaneshiro, directors Lou Ye and Liu Jian, screenwriters Yan Geling and Wang Huiling, as well as film moguls Wang Zhonglei and Wang Zhongjun of Huayi Brothers and Yu Dong of Bona Film.

Among the companies involved in the projects, Kingtronics, an electronics components manufacturer headquartered in Hong Kong, will launch an intelligent manufacturing industrial park in Xiamen to produce computers, 5G products and automation equipment.

Among the overseas companies the MIIT have approved, Shanghai, Beijing and Guangdong province are the top three destinations for overseas telecom investment, with the number of registered overseas companies hitting 54, 25, and 17 in each respectively, the report added.

Among the 1,237 AI companies that have already acquired venture investment, 431 are based in Beijing, accounting for 35 percent, according to the report.

Amazon’s capital expenditures grew 17 percent during the quarter and the company plans to spend more this year on buildings and equipment to support AWS, said Brian Olsavsky, chief financial officer, on a conference call after the release of the results. Yesterday Microsoft announced that capital expenditures dipped slightly a week after Intel warned that cloud providers were “absorbing capacity” as opposed to adding new computing equipment.