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Ant Group, owner of popular mobile wallet Alipay, plans to allocate 40 percent of the 48 billion yuan (.95 billion) it plans to raise from its initial public offering in the STAR Market, China's version of Nasdaq, on innovation and technology-related investments, it said in a regulatory filing on Tuesday.

Anti-government rioters' recent violent acts are one step closer to terrorism, a police spokesman said on Thursday. The remark by John Tse Chun-chung, chief superintendent of the Police Public Relations Branch at a media briefing, came as Hong Kong endured the fourth consecutive day of widespread vandalism to the city's transportation systems and university campuses, as well as indiscriminate attacks on people in Hong Kong.

Apart from functioning as a sales channel, e-commerce also has a role to play in driving content marketing and reshaping brand image, something often neglected by traditional brands.

Apart from primary school education, the Institute of Process Engineering of Chinese Academy of Sciences also sponsored the establishment of the first industrial think tank and a number of sustainable development forums for environmental protection.

Apart from promoting online business, the Ministry of Commerce and the National Development and Reform Commission are also working on revising the Catalog of Encouraged Foreign Investment Industries to promote processing trade amid the novel coronavirus outbreak.