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The national annual campaign, called Sword at the Internet, began in 2005 and aims to tackle online copyright infringement in music, movies, literature, games, e-commerce, software and applications - everything involved in online copyright infringement.

The new round of financing will help integrate the two parties' superior resources and create more values for users, Zhang said.

The new opera house will also be built on the site of the expo, Shanghai news outlet The Paper reported earlier.

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The new regulations have encouraged Anitoa to develop the China market. The company will mass-produce its device in China this year and hopefully revenues will be "greatly boosted", said Liu.

The new terminal, to be put into use on June 1, is located at Macao's Taipa District and adjacent to Macao International Airport. It covers an area of 200,000 square kilometers, and boasts of 16 ferry berths and 127 passenger passways.

The new offering is subtle, but will allow it to compete more directly with PayPal, which acquired Chicago-based payments gateway Braintree late last year for 0 million.

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The new yuan-denominated loans expanded to 9.03 trillion yuan in the first six months of the year. [Photo/VCG]

The newly released data came one day after the Commerce Department reported that US real gross domestic product (GDP) in the first quarter contracted at an annual rate of 4.8 percent amid the COVID-19 impact, the biggest quarterly decline since the 2008 financial crisis.

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The nationwide dealmaking spree echoed China's ambitions for core AI industries. In July, the central government outlined a national plan aiming to grow the industry to 150 billion yuan by 2020, 400 billion yuan by 2025, and 1 trillion yuan by 2030.

The new competitive threat could cause a bit more indigestion for Etsy, which has seen its stock plummet in recent weeks. The company priced its IPO at per share, and the stock quickly doubled, but shares have since retreated and are now trading just above .