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The fund's move highlights a rising trend in the European PE space－that of tapping into the Chinese hunger for advanced technological know-how.

The future of the two companies are starting to look very similar.

The foundation is providing financial support for the program, donating 6 million yuan (2,400) to the Education Development Foundation at Fudan University over three years starting this year.

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The government raised 5.05 trillion yuan (3.35 billion) in fiscal revenue in the first quarter, up by 13.6 percent year-on-year. The total fiscal expenditure was 5.099 trillion yuan, up by 10.9 percent, the Ministry of Finance said.

The goal of the educational workshop which was held for first time at Herakleidon museum free of charge on Saturday was to provide one more opportunity to Greeks to get to know a different way of thinking, another philosophy and culture and search for similarities between the two ancient civilizations, Jing Ling told Xinhua.

The government has for several years paid great attention to intelligent connected vehicle development, regarding it as a vital way of relieving burdens from transportation, energy consumption and environmental pollution.

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The fundraising was led by global investment management firm Coatue, with Goldman Sachs, Primavera Capital Group, Sequoia Capital China, GGV Capital, Xiang He Capital, Tiantu Capital, NEA and TH Capital among the investors.

The government has also stepped up scrutiny to stem malpractice in the financial sector, as well as placing strict controls on the real estate market to curb speculation.

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The government should take more measures to encourage private investment to develop the services, but effective supervision is needed to ensure such services are safe, Li said.

The general aviation industry plays more important roles in China's economic and social progress. It serves diversified civilian uses, such as emergency medical services, forest fire fighting, power-line air patrol and emergency supplies delivery.