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And vehicle owners often choose to leave their ride at home, opting instead for a fixed-price motorcycle that can zip through Jakarta's epic traffic congestion - at a bargain-basement prices.

Andrew Downe, Asia regional head of commodities and global markets at Macquarie Group, which invested in Megvii in its Series D round of financing, said earlier that "Megvii is a global AI technology leader and innovator with cutting-edge technologies, a scalable business model and a proven track record of monetization. We believe the commercialization of artificial intelligence is a long-term focus and is of great importance."

Analysts believe the move could help lower borrowing costs for businesses and individuals, and is also seen as an effort to loosen monetary policies and underpin economic growth.

Anhui Yucheng and Yucheng Global, operators of online P2P lender Ezubao, and 10 company executives, including Yucheng chairman Ding Ning, were charged with fundraising fraud, according to the No 1 Intermediate People's Court in Beijing.

And the hit to farmers would more than double if the tariffs expanded to an additional 0 billion of products. Farmer income would drop by 15 percent, and jobs in the sector would decline by 181,000.