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Among the 27 consumer finance companies holding a license, a growing number of new entrants are internet companies like Baidu, JD and Xiaomi, as they bank on the troves of data and algorithms for risk control.

Among the potential bidders is a consortium being formed by Shenzhen-listed Sinocare Inc, which develops and manufactures blood sugar monitoring systems, and China Jianyin Investment Ltd (JIC), a unit of sovereign wealth fund China Investment Corp. The group has hired an advisor to work on a bid, according to two sources.

Ambassador Chen said that the speed and efficiency in the construction of the new laboratory are exemplary in the joint fight against COVID-19 between Serbia and China through cooperation in the field of health and new technologies.

Among the 214 applicants, 25 have seen their review process terminated, with some revoking application after failing at on-site supervision or letter of inquiry. One other company was denied registration.

Among them, 122 reported cases have been ruled out as novel coronavirus infection and were discharged already. The remaining 122 cases were hospitalised.