Li's trip will be the first time in nearly three years that a member of the Standing Committee of the Political Bureau of the CPC Central Committee has visited Pyongyang.
Li, who cared a lot about small- and micro-sized enterprises, urged related authorities to properly address the issue of allowing companies to use their intellectual property to secure loans and cut down their financing costs.
Like many technology companies such as Google and Facebook, Pinduoduo would have a weighted voting rights structure, or dual-class shares, which allows founders to keep outsized voting rights. After the offering, Huang Zheng, founder, chairman and CEO of Pinduoduo, will own a 46.8 percent stake with aggregate 89.8 percent voting power, while Tencent, Banyan Partners Funds and Sequoia Funds are to take up 17 percent, 9.3 percent and 6.8 percent respectively, data from the prospectus showed.
Li said the World Cities Day has played a major role in generating concerns for sustainable urban development across the world.
Like Xie's New Golden, most of the shops and restaurants on Stockton Street — the main shopping and business area in Chinatown — have little business on a Sunday.
Liebheit admitted that it is impossible for an industry to maintain a growth rate of 30 percent for long, but he projected the sector to remain bullish.
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Li made the comment on a phone call with EU Commission President Jean-Claude Juncker on Wednesday, a day ahead of his visit to Bulgaria and Germany.
Li's remarks came as he co-chaired the 22nd China-European Union leaders' meeting with European Council President Charles Michel and European Commission President Ursula von der Leyen via video link.
Li said the company is working toward meeting the world's demand to replace petrol and diesel buses, especially in the overseas market.
Li said friendship and cooperation have been the dominant trend in China-ROK relations. President Xi Jinping reached a large number of consensuses with Moon in talks on Thursday and made plans for the development of bilateral relations, he said.