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Chinese bike-sharing giant Ofo Inc announced on Monday that it will officially launch its bicycle-sharing services in Thailand from Aug 1, marking the latest step toward its ambitious goal to cover 200 cities in 20 countries by the end of this year.

Chinese electric car startups that have put the bit between their teeth to navigate a labyrinth of financial hardships, weaker demand and the coronavirus pandemic are seeing signs of approval from both customers and investors.

Chinese authorities unveiled a master plan on June 1, vowing to build Hainan into a globally influential high-level free trade port by the middle of the century, the Xinhua News Agency reported.

Chinese artificial intelligence company Megvii Technology said it will invest 2 billion yuan (3.9 million) to accelerate the commercial use of robotics after it unveiled a system called "Hetu" to boost efficiency in the logistics sector.

Chinese dairy producer Inner Mongolia Yili Industrial Group Co is among bidders that made formal offers for Australia's Murray Goulburn Co-operative Co, in a deal that may value the farmer-owned firm at about A billion (9 million) including debt, people with knowledge of the matter said.