"Hello, Mom", released on the first day of the year of the ox and directed by a first-time director, raked in RMB4.8 billion (about US$738 million) in 17 days, making it the undisputed top earner in the year to date.
With 14 years of operating track record, over 190,000 delivery workers and over 800 warehouses across China, the shipping and delivery giant is still losing money prior to its proposed IPO.
China's trade with the EU expanded to 586 bn euros in 2020, dwarfing the U.S-EU. trade of 555 bn euros and replacing the world's largest economy as the EU's biggest trading partner for the first time, according to Eurostat.
The company said in its prospectus that they "do not expect to pay dividends in the foreseeable future" after the IPO and suggested investors to rely on price appreciation of the ADSs for return on their investment.
Contact tracing, mandatory quarantine and seamless coordination are central to Beijing's approach to stemming the spread of the fatal coronavirus.
The eruption of over 200 new infections in the provincial capital poses the gravest risk in China since the Covid-19 outbreak in Wuhan about a year ago. The municipal government has taken swift measures to stop the coronavirus spread, including mandatory tests for all residents in the metropolis of over 10 million people within three days.