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China's crude oil output dropped 4.1 percent year on year to 191.5 million tonnes in 2017.

China's oil demand is expected to increase 4.6 percent year-on-year to 615 million tons in 2018. (Photo 2)

China's consumer price index, a major gauge of inflation, rose 2.1 percent from a year earlier in July, beating expectations of 1.9 percent and stayed well within the government's comfort range of below 3 percent, according to the National Bureau of Statistics data on Thursday.

China's major food takeout platforms, from Meituan Dianping to Ele.me, have suggested partnering with merchants to design small-portion dishes based on data predictions in order to curb food wastage.

China's online retail industry has experienced a tremendous growth in recent years. The online penetration rate of the retail market increased from 10.3 percent in 2015 to 17.0 percent in 2017, and is expected to further increase to 24.4 percent in 2022, the company said in its prospectus, citing statistics from China Internet Network Information Center.