Chinese device manufacturer Lenovo officially unveiled the world's first ‘Project Tango’ Android-powered smartphone at its 2016 Tech World event this week.

The new Lenovo handset – which boasts support for Google’s Tango futuristic augmented reality (AR) platform – is called the PHAB2 Pro. The handset is scheduled to hit the markets in September this year.

Chinese smartphone manufacturer Xiaomi Corp. recently marked its foray into the drone market by unveiling its first drone -- called 'Mi Drone' -- at a glitzy press event held in mainland China on Wednesday.

The Xiaomi Mi Drone is a low-cost blocky quadcopter, equipped with a built-in camera that has the capability to shoot up to 4K video.

In a Friday announcement, Microsoft-owned game developer Mojang said that it has partnered with Chinese software publisher NetEase to launch a version of the popular Minecraft game in China.

China's Dakang Australia has been looking forward to sign a deal to buy Kidman, one of the Australia's biggest beef producers and owner of farm assets. However, the deal could be cancelled as the Australian government said it found that selling more than 100,000 square kilometers of the country's land to foreigner not right. The farm takes an area which is roughly the size of Kentucky.