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The move is the latest in a series of big blows to Didi, which has been at the center of sell-off on the US stock market since an earlier order by the Chinese government to remove its main app from China's online app stores.
Sun_Huixia · 7月11日
Laws and rules are the bottom line of a society and the foundation for the operation of an open market. In the wake of the high-profile atop-car protest against Tesla, public outcries are understandable, but the media and regulators need to stay coolheaded and restrained. A thorough investigation is needed to retrieve the truth, and in this process, laws and rules, rather than public sentiment and media criticisms, should take up the reins.
Sun_Huixia · 4月25日
"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.
Sun_Huixia · 2月28日
A group of tech minds have been harnessing Internet technology to match food victims with rescuers in a frantic effort to save lives.
The billionaire investor viewed the recent policy changes as“wiggles”, rather than the reversal of the four-decade trend of China's usage of capital markets to foster development.
The move is the latest in a series of big blows to Didi, which has been at the center of sell-off on the US stock market since an earlier order by the Chinese government to remove its main app from China's online app stores.
The penalty seems to be targeting the root cause of irregularities and abnormalities in China’s online tutoring industry -- the low-price customer acquisition tactics widely used by off-campus tutoring providers.
Laws and rules are the bottom line of a society and the foundation for the operation of an open market. In the wake of the high-profile atop-car protest against Tesla, public outcries are understandable, but the media and regulators need to stay coolheaded and restrained. A thorough investigation is needed to retrieve the truth, and in this process, laws and rules, rather than public sentiment and media criticisms, should take up the reins.
"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.
Sun_Huixia
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