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Ant, the finance affiliate of Alibaba Group Holding Ltd, increased its offer to per share in cash from .25, and the transaction is valued at around .2 billion, according to a joint statement by Ant and MoneyGram.

Another important precondition for adequate supply of funds in 2020 is a stable stock market, which in turn entails a better rule of law in the market. Given the current speed of law-based reforms, China's A-share market may welcome an inflection point, or upside potential, in 2020.

Another participant at the signing ceremony was Beijing Sanyuan Food Co Ltd, a leading dairy producer in northern China. So far there are 10 member companies cooperating with the center.

Annual dairy product sales in China are predicted to grow 16.8 percent to 480 billion yuan by 2023. Currently, China is the second-largest dairy market globally, following the United States. This year, total sales of dairy products are expected to reach billion in the US, Euromonitor found.

Another road accident occurred around 8:11 am in Lujiang county in Hefei, capital of the province. Six people were killed and five others were injured after a minibus collided with a car on a highway in the county.