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Chinese battery maker Svolt Energy Technology is planning to spend 2 billion euros (.37 billion) to build two plants in Germany to explore the fast-growing electric vehicle market in Europe.

Chinese bike-sharing giant Ofo Inc announced on Thursday that it is pedaling its way to Malaysia, as competition with arch rival Mobike Technology intensifies in the overseas market.

Chinese lenders bought 2.3 billion worth of foreign currencies while selling 1.6 billion worth last month, resulting in net sales of .3 billion, the State Administration of Foreign Exchange said in a statement.

Chinese health authorities said on Saturday that 1,287 confirmed cases of pneumonia caused by the novel coronavirus had been reported by the end of Friday. The pneumonia situation had resulted in 41 deaths.

Chinese mobile app publishers have gained momentum in Asian economies with user bases expanding significantly in areas like e-commerce, social media and entertainment, according to mobile analytics company App Annie.