In 2016, Shentong Express went public in Shenzhen. Previously, Alibaba founder Jack Ma had invested in Shentong, pushing it to leverage the growth of online shopping to expand its courier business.
Zhao Wei's shell company Longwei Media signed a share transfer agreement with Wanjia Culture, attempting to acquire control of Wanjia Culture with high leverage, which ultimately terminated due to financing failure.
Shenzhen Xinqiao Industrial, under Huacheng Group, acquired full equity in the Shenzhen Yuemeng Industrial Zone Project.
At the end of December 2016, Huang Qifan stepped down as mayor of Chongqing and was succeeded by Zhang Guoqing, ending his posting of about 15 years in Chongqing.