Business Brief (June 16): Foreign Investors Favor Chinese Stocks and Bonds

Offshore investors were net buyers of domestic stocks and bonds in May, according to the State Administration of Foreign Exchange.

Alibaba denied rumors that its logistics arm Cainiao is disbanding.

ACE Robotics, a startup with ties to SenseTime, raised hundreds of millions of dollars in the first half of the year, driven by strong investor interest in robotics.