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Byton is to obtain a new round of funding within weeks from investors led by FAW Group, as the three-year-old Chinese electric car startup is to unveil its first production model in the third quarter of this year.

By investing in longer-dated contacts, the fund's move put pressure on the June contract, analysts said.

CDB chose Egypt as the destination for its first overseas representative office established in 2009, which is also the only Chinese financial institution in Egypt.

CB Insights says Walmart has been filing hundreds of patent applications, not only for drone delivery concepts, but for other technologies such as augmented reality and personalized in-store advertising.

By the end of last year, about 3,200 Chinese-owned companies operated in the United States across 98 percent congressional districts and employed more than 140,000 Americans, more than nine times higher than 2009, the report said.