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Micro-lenders largely target small companies and low-income groups in need of capital. They have become an important channel for small- and medium-sized firms as well individuals to access funds.

Monday's corporate announcement was made just a few days after Daimler revealed that Chinese billionaire and Geely-owner Li Shufu had become the single largest Daimler shareholder by acquiring 9.69 percent of its stocks for 7.5 billion euros (.2 billion).

Mobike has been accelerating its overseas expansion amid mounting competition from rivals, chiefly ofo Inc, in domestic as well as foreign markets.

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Mobike, which has more than 200 million users, said via a newly added car-rental feature users will be able to unlock, park, lock cars and make payments by using the same app they use to rent shared bikes.

Mobile payments also picked up the growth pace in Q2, as transactions via banks and non-bank payment vehicles surged by 33.61 percent and 18.37 percent year on year respectively, according to the report.

Moon and Kim agreed to hold the humanitarian event at around Aug 25, the day to mark the 73rd anniversary of the Korean Peninsula's liberation from the 1910-1945 Japanese colonization.

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Michelin has published guides for three cities in Chinese mainland. Last month, it updated its Guangzhou edition, which recommended 89 restaurants covering mainly local Cantonese cuisine and Southeast Asian cuisines. It has yet to renew the guide for Beijing, which lists 100 restaurants.

Monica Nickelsburg weighs in on a new startup that lets you rent a piece of an indoor, vertical farm. It’s a cool idea but a pricey way to get your salad.

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Mid-cap lenders gained more than 1 percent on Monday. Shanghai-listed urban commercial lender Bank of Ningbo gained by 4 percent, while Shenzhen-listed Bank of Ping An gained 3 percent.

Mixer’s last reported monthly active user count was 20 million, far lower than rival Twitch. Mixer also competes with YouTube Gaming.