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Chinese bike-sharing titan Mobike Technology Co Ltd and World Resources Institute on Friday released the world’s first report on shared bikes and the sustainable development of cities.

Chinese coffee chain Luckin Coffee announced on Wednesday that it has completed its Series B financing round of 0 million, lifting the coffee delivery startup's valuation to an estimated .2 billion.

Chinese acupuncture was introduced to Tunisia in the 1970s and has become increasingly popular. "Besides curing diseases, acupuncture is also widely used to treat obesity," said He.

Chinese companies have stepped up their branding efforts significantly in recent years. Last year, 14 such companies made it to WPP's global 100 brands rankings list, including the e-commerce giant Alibaba and internet company Tencent. This is a huge advance, as just one Chinese company featured on the list in 2006.

Chinese consumers appeared somewhat more optimistic, with 68 percent of those surveyed believing that sharing economy platforms bestow greater benefits than risks. Generally speaking, 52 percent of respondents cited concerns over personal safety, followed by quality of service and damage to assets (both with 42 percent), theft (40 percent) and lack of sufficient safeguards if something goes wrong (38 percent), the Lloyd's report added.