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Another issue is that parents often don't know how to download material and don't understand the school work well enough to help their children.

Apart from exploring a market-driven mechanism for the commercialization of scientific research achievements, the tech subsidiaries of these banks also aim to export fintech solutions to smaller banks and other financial institutions, according to China Minsheng Bank.

Ant, the finance affiliate of Alibaba Group Holding Ltd, increased its offer to per share in cash from .25, and the transaction is valued at around .2 billion, according to a joint statement by Ant and MoneyGram.

Apart from telecommuting, distant education is another focus for IT companies. iTutorGroup, the smart education arm of Ping An Insurance (Group) Co Ltd, opened its online study platform for free. The platform enables students across China to learn effectively at home.

Another Indian climber Anjali Sharad Kulkarni died on Wednesday night due to altitude sickness at Camp IV of the Mt Qomolangma, Acharya said.