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Buoyed by the success of the nation's ride-hailing and bike-sharing sectors, Chinese companies and consumers are set to benefit from the country's intensified efforts to drive the rapidly expanding sharing economy.

Businesses investing overseas may not be fully appreciative of the risks related to cross-border investment - including political, regulatory, market, foreign exchange, and legal compliance risks - but financial institutions as service providers for businesses must be fully prepared to mitigate such risks as they go global themselves.

British Prime Minister Theresa May extends her warm wishes through this video published on social media as the Year of the Pig starts.

Brian Manley, Austin police chief, said in a press briefing that the police had confirmed one explosion in Travis County, 16 km southeast of downtown Austin, and the investigation will go through the night.

Boundary Island in Hainan province held a bamboo-dancing activity on the beach to welcome the new year.