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Ant Group, the parent company of China's largest mobile payments business Alipay and a major provider of financial services technology, announced on Monday that it has commenced the process of a concurrent initial public offering on the Shanghai Stock Exchange's STAR board ("SSE STAR" market) and The Stock Exchange of Hong Kong.

Another eight miners remain trapped in a 74-meter-deep tunnel, which is blocked by a falling coal seam at both ends, according to the emergency rescue headquarters.

Another new service designed for business travelers is monthly settlement and company accounts, but the company admitted it needs the support of a stronger IT system. When asked about the reason to start such a new product, Chen said "last year, more than 15 percent of our users chose our service for business trips".

Another major Nordic salmon producer also said exports had resumed, but that volumes were not increasing as quickly as after a previous halt at the start of the year due to coronavirus lockdowns in China.

Another industry organization, the China Association of Automobile Manufacturers, had the same estimate. Its executive vice-president Fu Bingfeng told Reuters that the fall could reach 10 percent in the first half of the year.