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Chinese companies are expected to invest up to billion in Peru in sectors including energy and mines, telecommunications, construction and financing over the next three years, an official said.

Chinese firms signed 115 project deals with a contract value of more than million in the first two months of 2020, accounting for 83.9 percent of the total contract value signed by Chinese companies during this period. Those projects were mainly involved in industries, including transportation infrastructure development, telecommunication and petrochemical engineering.

Chinese home-sharing company Xiaozhu Inc will partner with Alibaba to develop smart locks to improve its services amid competition with United States counterpart Aribnb Inc.

Chinese e-commerce giant JD's shares plunged on Tuesday, the first trading day on the Nasdaq stock market after the exposure of company founder and CEO Liu Qiangdong's arrest in the US, according to a report by wallstreetcn.com.

Chinese phones are gaining traction among buyers notably in Eastern Europe and the Middle East, with Russia, Ukraine and Israel topping the list of generous spenders on these gadgets, according to AliResearch, the research arm of Alibaba Group Holding Ltd.