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Chinese bike-sharing company ofo Inc has signed a deal with China CITIC Bank to offer expanded financial services for ofo users.

Chinese law forbids minors under 12 years old from riding bicycles on roads. Zhang said that despite media reports of juveniles being injured from riding shared bikes, Ofo failed to update its equipment to block underage users.

Chinese businesses directly invested .6 billion in economies taking part in the initiative, up almost 30 percent year-on-year. And those economies invested .24 billion in China during the same period, up 34 percent year-on-year.

Chinese fruit retailing platform Pagoda announced it will tap into fresh food segment, as it seeks to ride the consumption upgrade wave as demand for high-quality fresh food products rises.

Chinese authorities handed out penalties totaling more than 9.1 billion yuan (.32 billion) to Changchun Changsheng Life Sciences Limited for the illegal production of a human rabies vaccine in October.