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Chinese online grocery and delivery company Dada-JD Daojia recently announced a formal collaboration with French hypermarket chain Carrefour SA, with a plan to have approximately 200 Carrefour stores having presences on JD Daojia by the end of this year.
Chinese initial public offerings in the US accounted for about a fifth of US IPO proceeds in the first quarter this year, according to Renaissance Capital, an IPO research firm based in Connecticut.
Chinese export-oriented companies have brought cutting-edge products to the nation's largest trade event, aiming to maintain steady business growth by attracting more foreign buyers.
Chinese internet search giant Baidu Inc reported on Friday its total revenues reached 26 billion yuan (.69 billion) in the second quarter of 2020, dropping 1 percent year-on-year, while its net profit hit 5.1 billion yuan, an increase of 40 percent on a yearly basis.
Chinese e-commerce giant JD.com held 51.4 percent shares of the company as its largest shareholder.
