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Anta Sports published an offer in Helsinki to purchase all the shares of the Finnish Amer Sports on in December, 2018.

Another such joint venture is New York University Shanghai, a Sino-US research institute established by New York University and East China Normal University. The university bid farewell to its first batch of 280 graduates from 27 countries in May. About half of them went to graduate schools, mainly in the US, while the rest have already found jobs, according to the university.

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Ant Financial's last earnings announcement showed it suffered a loss in the first quarter of this year. But bankers said with the financial support from Alibaba, the company does not need to raise cash, the report said.

Apart from BOE, Shenzhen China Star Optoelectronics Technology Co Ltd, or CSOT, has started work on a sixth generation LTPS-AMOLED display panel production line in Wuhan, Hubei province.