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Chinese mobile learning platform Qujiyi has secured nearly 40 million yuan (.7 million) in its angel round of funding as it looks to scale up its platform and provide a better user experience.

Chinese banks and investors have achieved great success through their entities in Dubai, reaching a vast market of opportunities in the Middle East, Africa and South Asia.

Chinese foreign exchange reserves rose by .6 billion month-on-month in November after three months of declines, influenced in part by rising bond prices in some major countries, the central bank said on Friday.

Chinese downcoat maker Bosideng International Holdings Ltd is another example of China's reform and opening-up success. The company netted sales of over 740 million yuan during the Nov 11 Singles Day shopping festival, up 73.2 percent on an annual basis. Since November, it has seen a 41.6 percent growth in revenue in 42 days.

Chinese law forbids minors under 12 years old from riding bicycles on roads. Zhang said that despite media reports of juveniles being injured from riding shared bikes, Ofo failed to update its equipment to block underage users.