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Chinese authorities launched a nationwide campaign to crack down on irregularities in the health product market after an investigation into the Quanjian case started in December 2018.

Chinese internet search giant Baidu Inc announced on Wednesday its smart living group has entered into definitive agreements with CPE, Baidu Capital and IDG Capital for Series A financing at a post-money valuation of approximately 20 billion yuan (.9 billion).

Chinese companies Alibaba Group Holding Ltd and Tencent Holdings Ltd are also working hard to build more overseas availability zones to compete with global giants including Amazon.com Inc and Microsoft Corp.

Chinese media reported that the company had been ordered to cease operations on Sunday after it came under investigation, but a security guard at the company said employees are "still working".

Chinese leaders' passion for and participation in sports has made them more approachable, compared with their usual image of being serious or unsmiling politicians. Many are not just fans but are also actively involved.