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Internet giant Alibaba is creating an offline-and-online ecosystem of sorts in Southeast Asia to reduce reliance on home market China as well as to grow globally.

Investors in the tech sector believe that a fundamental change in their business is coming in the next five years as an array of new technologies become commercially viable simultaneously. And, they argue that the Chinese tech market ecosystem is in a unique position to build products, companies and business models using these new technologies.

Interestingly, Re/code notes that the spin off could make PayPal a possible acquisition target, with Google mentioned as one possible suitor.

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Investors under the RMB Qualified Domestic Institutional Investors program were recently banned from moving yuan out of the country for forex purchases overseas. Instead, they are allowed to invest in yuan-denominated assets in foreign capital markets, as the country takes a "gradual approach" to open up its financial sector.

Invested and developed by the China Communications Construction Company Limited (CCCC), Colombo Port City is the largest project between China and Sri Lanka under the China-proposed Belt and Road Initiative, especially the 21st Century Maritime Silk Road.

Internet platforms are posing new challenges to tobacco control, with many advertisements masquerading as shopping experiences or sharing personal lifestyles.

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Innovation in all its forms will, however, continue to be the key driver for business activities in China with Chinese companies leading the way, according to the Innovation Survey of the Greater Shanghai Region that was released on Wednesday.

Insurance companies will also be prohibited from offering credit risk insurance to companies rated AA or lower.

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Iran announced the first cases of viral infection in the central Qom city on Feb. 18.

Instead of setting unified production restrictions on highly polluting industries such as steel and building materials, the plan requires these industries to cut production based on their performances in emissions reduction.