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As of the end of last year, 379 million people were covered by endowment insurance for enterprise employees - 25.69 million more than at the end of 2015.

As of this month, China has 20 such online platforms.

As part of the partnership, Alibaba has selected several US brands, including Opening Ceremony and Robert Geller, to feature in their second annual "See Now-Buy Now" fashion show hosted by Tmall in October. The show will be held in the run-up to the so-called "Singles Day" on November 11 – one of the biggest shopping days of the year. Alibaba said the US designers will gain exposure to "the more than 500 million consumers visiting Alibaba's platform."

As part of the agreement, the main shareholders — the Peugeots, the Agnelli family investment arm Exor, as well as the Chinese investor Dongfeng and the French state investment bank — agree to maintain their stakes for seven years. The only exception is that the Peugeots could increase their stake by up to 2.5 percent during the first three years by buying shares from Dongfeng and the French investment bank.

As of the end of the third quarter, outstanding small business loans hit 36.39 trillion yuan (.18 trillion) in China. Among the total, outstanding loans to small businesses with a total credit line of up to 10 million yuan rose 20.81 percent from the beginning of this year to 11.31 trillion yuan. The growth rate was 10.9 percentage points higher than that of various types of loans, according to the regulator.