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Another strategic priority of InnoSpace is to raise 150 million yuan ( million) to 200 million yuan for its new investment fund by the end of the year. It will be used to support startups with high potential mainly in three targeted sectors: intelligent manufacturing, automobile, New Retail and supply chain.

Another e-commerce giant Alibaba Group Holding Ltd has also entered the country's housing rental market. The technology giant signed an agreement with the Hangzhou city government to use the company's technology to create an online system for house rentals in August.

Another leading Chinese dairy producer China Mengniu Dairy has also been making moves in the Southeast Asian markets.

Apart from confirmed patients, suspected patients are also able to get subsidies to cover medical costs related to the novel coronavirus, according to a policy announced by the Ministry of Finance, the National Healthcare Security Administration and the National Health Commission on Jan 27 to supplement the previous one issued on Jan 22.

Another key indicator of financing activity－aggregate social financing－rose by 10.7 percent in March, the highest rate since September 2018 and higher than the previous peak of 10.42 percent in January, it said.