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Chinese internet giant Tencent Holdings Ltd has offered to buy out the country's second-largest search engine Sogou Inc in a .1 billion deal, which analysts say could help Tencent build up its online search business and fend off competition from potential market entrants such as ByteDance and Alibaba.

Chinese policies rolled out earlier this year include allowing foreign-funded institutions to conduct credit rating businesses on all types of bonds in China's interbank and exchange bond markets, and a transitional period for raising the foreign ownership cap on life insurers from 51 percent to 100 percent bringing forward to 2020 from 2021.

Chinese procuratorates approved the arrest of 51,658 suspects involved in crimes of obstructing official duties and prosecuted 79,024 from 2016 to 2019, quite a few of which were offenses against the police, Gao Jingfeng, an official with the Supreme People's Procuratorate (SPR), said at the press conference.

Chinese bike-sharing top player Mobike Technology Co Ltd on Wednesday announced a strategic partnership with LINE Corp, Japan's largest mobile social network service provider, to better facilitate its expansion in the Japanese market.

Chinese consumers were less sensitive to prices and put increasing focus on services, experience and personalization when they traveled and did shopping during the weeklong Spring Festival holiday, according to a report by Economic Information Daily.