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Chinese stocks closed higher Friday. The benchmark Shanghai Composite Index closed 0.01 percent higher at 3,317.62, while the Shenzhen Component Index closed 0.63 percent higher at 11,013.15.

Chinese theme park developer and operator OCT Group has launched its annual cultural and tourism festival to promote recovery of the industry, which was hit hard by the novel coronavirus outbreak.

Chinese smartphone maker Xiaomi's smart factory in Yizhuang, Beijing has been completed and put into production, according to Lei Jun, founder and CEO of Xiaomi, during the company's 10th anniversary event on Tuesday.

City leaders, including members of the Executive Council and Legislative Council, paid silent tribute at the start of scheduled meetings on Tuesday morning.

Chris Kelley, principal of Menlo Park, Calif. venture firm DFJ said the best entrepreneurs don’t just look at the players in the market, they look for problems that aren’t being solved. Kelley says DFJ, which has?invested in several cloud companies as well as big names like Twitter, Baidu, Redfin, SpaceX and others, would absolutely invest in a company looking to put up a challenge against even the biggest players such as Amazon Web Services or Microsoft’s Azure.