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AppThwack announced this morning it was acquired by Amazon Web Services to help developers test their phone apps?in the?cloud.

Another main building material, plate glass, reported profit growth of nearly 30 percent, despite a downward price and a slower production increase.

Another goal of restructuring is to reduce excess capacity in the steel, coal, glass and cement industries. According to Ministry of Industry and Information Technology spokesman Huang Libin, "In the first quarter, the comprehensive utilization rate of the steel segment recovered to about 80 percent, a reasonable range." Overall industrial capacity utilization rose to 76.5 percent, up by 0.7 percentage point year-on-year.

Apart from introducing new brands and products to the Chinese market, Fonterra is using the CIIE to sign agreements with local partners. According to Chow, livestreaming stands to amplify the influence of these newly-formed partnerships and raise the awareness of those domestic labels that might not necessarily qualify as an "import" exhibitor to make it to the event.

Another noteworthy contender in the ranking is Mengniu, a Chinese dairy brand growing at a similar pace to Yili. Its brand value rose 45 percent year-on-year, but from a lower base, hitting .4 billion.