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Around 200 such bikes have been put on the streets of each of the five cities. The company previously had introduced 1 million green shared bikes in more than 50 cities.

As China's top legislature prepares to meet for its annual session beginning Tuesday, nearly 3,000 deputies, or lawmakers, will note with interest that consumption upgrade, which they had endorsed last year as key to economic growth in the new era, has borne fruit in the form of Chinese consumers' growing demand for high-quality goods, including luxury products.

Apple said its services division, which includes iCloud, the App Store and Apple Pay, saw revenue advance to .9 billion, up 19 percent over the prior year. The company said China’s move to pause approving new games for the App Store last year is affecting revenue in the segment.

Apple and Google also have been rumored to be dipping their toes deeper into online music services, and The Verge notes that “all the signs point to an arms race in the online music sector.”

Apple shares fell as the main supplier for its Face-ID technology, Lumentum Holdings Inc, slashed revenue and profit forecasts, citing reduced orders from a major customer. Lumentum shares tumbled 33.0 percent and shares of other Apple suppliers also dropped.