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Chinese bike-sharing company Ofo has no assets to pay off its debts, Beijing Youth Daily reported on Wednesday.

Chinese companies invested .39 billion in Brazil last year, an increase of 13 percent year-on-year. Both countries have already begun to intensify their cooperation in infrastructure, energy and telecommunication business development, data from the Ministry of Commerce show.

Chinese brokerage firms, investment funds and other financial institutions are expected to use these services.

Chinese financial technology companies are beefing up their presence in the digital payment sector of Southeast Asia to help build a cashless society, fueled by the rapidly growing demand for e-payment from people in the region.

Chinese real estate enterprises issued 604.7 billion yuan (.9 billion) worth of bonds domestically and overseas so far this year, among which .4 billion were offshore, reaching a historic high in terms of volume, and it is approaching the total amount of 2017, according to a report by Chinese financial information service provider Wind Information.