Various low-level commercial enterprises followed before the fledgling entrepreneur enjoyed his first real success in property development in the late 1960s when he was involved in a project to build Milano Two -- nearly 4, 000 flats -- outside Milan.

CNN: STORY HIGHLIGHTS

Apple, on the other hand, accounted for almost 50% of the smartphones shipped to enterprises, followed by Samsung at 16%.

FORBES: Quick Take

This was followed by deals made by private enterprises like Lenovo and, more recently, Geely.

FORBES: China Invests In Foreign Talent

It followed an upsurge of debate about the frequent sale of state-owned enterprises at rock-bottom prices to their managers.

ECONOMIST: Governing China

In the years that followed, the government pumped billions of dollars into labs and universities and enterprises, on projects ranging from cloning to underwater robots.

NEWYORKER: Green Giant

Torbay's share, which followed a bid by Torbay Development Agency, will support the development of start-up businesses, social enterprises and an apprenticeship scheme and a new cycle route around Cockington.

BBC: Torbay gets ?1.4m from Coastal Communities Fund