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As part of the .3 billion cash and stock deal announced Monday, Lore will continue to run Jet and he will also be in charge of Walmart’s e-commerce operation. Citing a source close to the situation,?Recode reports?that Lore’s deal with Walmart is for at least five years, an unusually long time for such an agreement. Usually,?the acquired company’s CEO is required to stay on for a timeframe closer to two or three years.

As of Friday, the S&P US Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on US exchanges by total market cap, stood at 3,154.86, marking a 2.17-percent increase for the month-to-date returns and a 0.39-percent decrease for the year-to-date returns.

As of Thursday, 12,286 cases were confirmed in Japan, with 308 deaths, including 63-year-old TV host and actress Kumiko Okae, who died at a Tokyo hospital on Thursday.

As of Friday, over 76 percent of isolation beds at the city's public hospitals were occupied.

As of Dec 31, 2016, Fosun's total assets exceeded 480 billion yuan ( billion). Over the past few years, it has invested extensively worldwide with the total investment amount expected to reach billion.