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Another man, surnamed Xiong, who was on the same flight from Nigeria as Zhang and also carried ivory products was sentenced to five years in prison in 2011 for smuggling wildlife products, the prosecutors said.

Another suspect was on bail because she is pregnant, the police said.

Ant Financial－which owns a digital wallet service, a wealth management fund, and a micro loan platform,－is losing ground in the world's biggest digital-payments market and is therefore unlikely to conduct an IPO in 2017, reported news agency Bloomberg, citing sources with knowledge of the matter.

Another key cooperation with the Chinese monetary authority could be in the green economy area, said Chakrabarti, without disclosing details.

Apart from introducing social capital to the UHV program, the company will also look to deepen mixed-ownership reform in a wide range of its business sectors, including electricity distribution and trading, energy service, equipment manufacturing, navigation operation, and electric vehicles.