Just one week before Pinduoduo released its latest fiscal results, activist short seller Blue Orca Capital published a 42-page report claiming that Pinduoduo inflates its reported revenues and understates its staffing costs and net losses.
Jin Jinghua, director of the State Post Bureau's Department of Policies and Regulations, said China delivered 2.1 billion parcels overseas last year, with most of them transported by aircraft.
John Lam arrived in Shenzhen on Wednesday morning after standing in a long line to complete entry procedures at the Shenzhen Bay Control Point.
Joe Lofton at the North Shore neighborhood in Pittsburgh. (GeekWire photo)
Just ask Microsoft, whose market share for Windows Phone has been stuck in single digits for years.
Jonathan Sposato
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Jin was speaking at a panel discussion on China and the world in the age of disruption and the post COVID new normal. She cited the 2009 global financial crisis which showed "advanced economies do not have the infrastructure, the capacity nor the real intention to support developing countries in times of crisis".
Joint efforts should be made to promote the development of FTAAP, and deepen cooperation in areas such as global value chain and supply chain, Internet economy as well as small and medium enterprises, so as to inject new energy into the Asia-Pacific economy, he added.
Jointly established by the Shanghai Stock Exchange, Deutsche Borse Group and the China Financial Futures Exchange, CEINEX is the first dedicated trading venue for China and renminbi-related investment products outside the Chinese mainland. It started operating in late November 2015.
Joining TCM efforts from various countries and regions around the globe, the platform aims to promote internet-based TCM services to better serve people overseas.