Central bank injects $772m into market

The People's Bank of China, the central bank, injected liquidity into the banking system through open market operations on Monday. The PBOC injected 5 billion yuan ($772 million) into the market through seven-day reverse repos at an interest rate of 2.2 percent, according to a statement on its website.

Fitness app Keep raises $360 million

Chinese fitness app Keep announced on Monday that it has finished a $360 million funding round, which was led by SoftBank Group Corp's Vision Fund, as more people resort to the app to work out at home amid the COVID-19 pandemic. Other investors also include Hillhouse Capital, Tencent Holdings Ltd, Coatue Management, GGV Capital, and Bertelsmann Asia Investments. Keep is now valued at about $2 billion after the investment, according to tech media 36Kr, but the popular workout app declined to comment on the valuation.

Xinhua - China Daily