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Borden CEO Tony Sarsam said in a statement: "Despite our numerous achievements during the past 18 months, the company continues to be impacted by the rising cost of raw milk and market challenges facing the dairy industry. These challenges have contributed to making our current level of debt unsustainable." 

Both of Meituan Dianping's major businesses, food delivery and in-store, hotel and travel, were severely affected by the COVID-19 epidemic.

Bosch has been in China for almost 110 years. Creating innovative technologies and solutions to make life better is the brand's imperative. Today, Bosch in China employs close to 60,000 associates, operating 62 entities including 38 manufacturing bases and 23 technical centers. Now, China is Bosch's second-largest market in the world and employs the largest number of associates outside Germany. Bosch's automotive components and solutions can be found in almost all vehicle brands in China. Bosch's drive and control system supports the National Centre for the Performing Arts' stage lift, a Qinghai-Tibet Railway project, a 50-metric-ton crane in Yangshan port, the Five-hundred-meter Aperture Spherical Telescope and many major projects in China. Bosch home appliances offer Chinese consumers a good choice for their consumption upgrade. Bosch not only witnesses the Chinese's society's development, but is also a proud part of it.

Boosted by the strong earnings growth, shares of the developer gained 3.01 percent in Shanghai Thursday while the benchmark Shanghai Composite Index closed 0.31 percent higher.

Big players in the third-party payment services market and the peer-to-peer or P2P lending market are likely to be included first, they said.