Shares of STO jumped by the 10 percent daily limit to 22.48 yuan following the announcement, with the company pledging to "explore cooperation in logistics technology, parcel delivery end and new retail logistics" after the deal is closed.
Shares of TAL Education Group and NetEase rose 1.91 percent and 1.8 percent, respectively, leading the gainers in the top 10 stocks in the index.
Shares of the company fell 1 percent at 7.61.
Shanghai-based Ecolab China is planning to expand its food safety business from southern China to the northern part of the country as consumption gets upgraded nationwide, presenting new opportunities.
Several White House officials and others in close proximity to President Donald Trump have previously tested positive for COVID-19.
Shanghai Pudong Development Bank will open its first London branch on Tuesday, the latest in a series of Chinese banks opening offices in the city.
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Seventy percent of respondents said their career has been affected by the outbreak, including uncertainty about future development, salary and welfare cuts, reduction in workload and fewer opportunities for promotion, as well as job losses.
Shanghai Index hits 3,410 in morning; Shenzhen bourse climbs by 1.6 percent
Shanxi, one of the inspected provinces, has strengthened controls in reducing solid waste by building more plants to process industrial waste, helping the province, China's coal heartland, improve its environmental quality.
Shanghai has seen a sharp decline in the usage of disposable items such as toothbrushes, combs, razors, nail polishers, shoe wipers and loofahs in hotels since the city's first regulation on waste sorting took effect a month ago.