Chinese authorities are working on a proposal to help China Vanke plug a funding gap of about 50 billion yuan ($6.84 billion) this year, Bloomberg reported on Wednesday, citing people familiar with the matter.

Apple's leaning on companies including Chinese tech giants Alibaba and Baidu to adapt its artificial intelligence system to meet regulatory requirements, according to Bloomberg.

Apple's artificial intelligence features for iPhones could be available in China as early as May, according to Bloomberg. The company reportedly established several teams in China and the US to make that happen,