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The judge also ordered Chris Yung Tsz-hin, 19, to be held in a training center.

The latest developments sent shares of Alibaba down 2.63 percent and Tencent down 2.89 percent as trading closed in Hong Kong on Monday.

The latest report by Ernst & Young showed that China's fintech adoption rate came at 69 percent in an index that measures users' activity in various areas, including money transfer, payments, investments, borrowing and insurance, the highest among 20 major markets globally.

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The joint venture has also built a team of over 2,000 people across its five manufacturing bases in the country to ensure the quality of its vehicles through the whole processes, from purchase to after-sales services.

The investment will help advance the development and deployment of automated vehicles in Didi's ride-hailing fleets.

The island's leader, Tsai Ing-wen, and other authorities have recently said that "humanitarian assistance" should be given to some Hong Kong residents.

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The key to the fruitful outcomes resulting from the relationship between the two nations lies in the fact that both sides have been helping, respecting, trusting and benefiting each other, and understanding, befriending and relying on each other, Xi said.

The invitation came during a meeting between Yousfi with Chinese Ambassador to Algeria, Yang Guangyu, according to a statement from the industry ministry.

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The latest statistics from the Ministry of Education showed that by the end of 2016, 82 percent of foreign-educated graduates had chosen to return to China, compared with 72 percent in 2012.

The internet giant has grappled with fundraising difficulties and unpaid bills in past months, a cash squeeze exacerbated by rapid expansion beyond online video into costly areas from sports broadcasting and electric cars to online finance.