The coastal city of Xiamen in East China's Fujian province has been focusing on improving its business environment in recent years. [Photo/xmnn.cn]

Thanks to its improved business environment, more and more domestic enterprises are looking to invest in the coastal city of Xiamen, East China's Fujian province, local news reported on April 12.

Lixiang Auto, a Beijing-based electric vehicle startup, established a new automobile service company in Xiamen with a registered capital of 1 billion yuan ($154.08 million).

Car-hailing platform Meituan Dache also invested in Xiamen and established Xiamen Lutuan Technology with a registered capital of 5 million yuan. Tencent Cloud, the cloud computing arm of internet giant Tencent Holdings Ltd, established its subsidiary corporation in Xiamen, aiming to provide technical support such as internet of things, cloud computing, big data, and artificial intelligence.

Thanks to the improvement in the business environment, private enterprises, as well as innovation-driven and new economy industries, have chosen Xiamen as their top investment destination.

In addition, Xiamen published a series of measures to support the reform and development of private enterprises. The 43 measures focus on creating a fair market environment and a favorable policy environment in an effort to promote the healthy and sustainable development of enterprises.