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Last month's PMI data also signaled, however, that the economic recovery is still fragile. Manufacturers continued to cut payrolls as the employment sub-index remained low at 47.3, unchanged from November, and small manufacturers saw worse conditions, with their PMI down to 47.2 from 49.4 the previous month, according to the NBS.

Last August, the company announced Alibaba had spent 4.33 billion yuan on a 2.05 percent equity stake. Baidu Inc invested 7 billion yuan in the telecom carrier for a 3.3 percent stake, with other investments also coming from Tencent Holdings Ltd and e-commerce giant JD.

Last year alone, 141 suspects involved in illegal online loans appeared before city and district courts in Ningbo, Zhejiang, with 36 of them sentenced to more than five years in prison.

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Last year, during the traditional Spring Festival, which generally jazzes up consumption and transportation activities, the CPI fell in January. The festival is in the middle of this month this year.

Last year, consumption of liquor compared to wine globally was half-and-half, while in China it was seven to one, indicating significant room for growth for wine in China. The average per capita consumption volume of wine in the United States has been more than 10 liters a year, while the number is lower than 1.5 liters in China, Frost & Sullivan found.

Last year, Amazon paid 0 million for Israeli chipmaker Annapurna Labs, and 6 million for Portland-based video processing startup Elemental Technologies.

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Last November, London-based private equity firm Advent International announced it had acquired a majority ownership interest in King Koil.

Laos is an "iron friend" of China, he said, adding that during his stay he and Lao leaders reached new important consensus on deepening bilateral cooperation and building a community of shared future with strategic significance.

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Last month, the company announced it has begun volume production of Apolong, China's first fully autonomous mini bus, in partnership with Chinese bus manufacturer King Long, and intends to ship such buses to Japan early next year.

Last November, China released the Opinions on Strengthening the Protection of Intellectual Property Rights, which provides for equal treatment of Chinese and foreign companies and more strict and swift law enforcement for IPR cases. In the future, IPR infringement will come at a higher price in China.