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Ant Financial Services Group, the online finance firm backed by billionaire Jack Ma, will extend its online consumer credit service to four million retail businesses across the country to boost sales and encourage spending－as China's consumers increasingly feel more comfortable shopping with borrowed money.

Another donation of over HK.8 million was made to HKCSS for distributing hand sanitizers to the underprivileged through HKCSS and its member organizations' existing servicing channels.

Another German premium automaker, Daimler AG, has acquired a 3.93 percent stake in Beijing Electric Vehicle Co, a subsidiary of BAIC Group. The investment made earlier this month will deepen their strategic cooperation in the new energy vehicle sector, and underline their commitment to the further development of electric mobility in China. BJEV possess a charging network with 46,000 public charging poles and 32,000 private ones.

Another three cases from the soft-drink and snack-food giant PepsiCo Inc's food factory in Beijing were reported after eight employees of the company were confirmed as cases on Sunday.

Ant Financial Services Group announced today it will allow third-party financial institutions to set up virtual shops through an indigenous app, another push to vie for supremacy in the country's burgeoning online financial sector.