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Ant Financial, Alibaba's financial unit, has invested 2.06 billion yuan (1 million) in second-tier bike-rental player Hellobike, giving the latter a unicorn valuation of .47 billion.

Annamaria Lusardi, chair of the financial literacy expert group that designed the financial literacy portion of the assessment, said that it was "critically important" to measure students' financial skills.

Apart from focusing on traditional sectors such as construction industries, the company plans to invest "across the board" in Chinese market this year, he added.

Apart from consumer subsidies, 30 million yuan worth of trade-in subsidies for home appliances and 20 million yuan subsidies for household appliances sold in rural areas were allocated for this month, according to the regional department of commerce.

Apart from making it much easier for the company to operate these smart vending machines, the machines can also interact with consumers to enhance their shopping experience by getting them to answer a few light questions in order to obtain a special discount for a certain product, or, they can watch a few seconds of advertisement videos to get a discount.