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Despite its rapid growth, Meituan still suffered huge losses in the past three years, with losses of 10.5 billion yuan, 5.8 billion yuan and 19 billion yuan in 2015, 2016 and 2017, respectively. Even after adjusting for the fair value of preferred shares, the losses in the three years still reached 5.9 billion yuan, 5.4 billion yuan and 2.85 billion yuan, respectively, the prospectus showed.
Despite discussion about a "consumption downgrade," McKinsey's 2018 Global Consumer Sentiment Survey showed that 26 percent of Chinese respondents were trading up overall, compared with 17 percent in 10 other top economies.
Democratic presidential nominee Joe Biden takes his face mask off as he arrives to speak one day after Americans voted in the presidential election in Wilmington, Delaware on Nov 4, 2020. [Photo/Agencies]
Democratic Senator Tim Kaine of Virginia noted that there have been 22 school shootings in the United States in 2018 and three of them occurred in the past week alone.
Delegates listen to a speech by General Secretary Xi Jinping during the opening session of the 19th National Congress of the Communist Party of China at the Great Hall of the People in Beijing on Wednesday.[Photo by Xu Jingxi/China Daily]
来源：资阳报