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Company to use 0m proceeds for inorganic moves, business expansion

Companies with DNA in science and technology are likely to achieve rocketing growth in the next decade as science and tech is playing an increasingly apparent role in driving business, according to industry insiders.

Companies like SpaceX, Blue Origin and Virgin Galactic are developing cost-effective carrier vehicles with the aim to make space travel possible for ordinary people. They have also inspired Chinese entrepreneurs.

Compared with past generations, who are more likely to seek help from hospitals and clinics, those born in the 1990s are attracted to innovative products to improve the quality of their sleep. An industry report estimated that the post-1990 generation were the major buyers of products to help sleep on Taobao from 2015 to 2017, with sleep masks, noise-canceling headphones, and foot pads (herbal pads with adhesive strips) becoming the top three most popular products.

Competition in the food delivery industry is seeing a change in its drivers, from coupons to efficiency and quality. The industry has grown from its initial stage, relying on discounts, to a more mature stage focused on delivery efficiency and food quality, the People's Daily said.