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An online cartoon-making company publicly apologized to the family of Ye Ting, a former military leader, for making a video clip that harmed Ye's reputation. The compensation it was ordered to pay will be donated to a foundation.

Analysts say CAT's Asia-Pacific sales figures reflect demand for machines headed to BRI projects, as contractors buy most of their equipment in China to take advantage of the initiative's tax rebates.

Andrew Leung Kwan-yuen, president of Hong Kong's Legislative Council, said NPC's endorsement of this legislation is necessary and urgently needed, adding the law will protect the city's economy and people's livelihood.

Analysts believe the integration of the two companies' strengths and resources will benefit both sides.

Analysts say the move shows investors' confidence in the startup and the potential of the Chinese market, which is already the world's largest new energy market.