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Dada sold 16.5 million American Depository Shares in its IPO at a midpoint price of per share for gross proceeds of about 4 million. The company said in its regulatory filing that 40 percent of the proceeds will be used to implement their marketing initiatives and grow the user base, while another 35 percent will go for technology and research development. The rest will be used for corporate purposes, including funding working capital needs and potential strategic investment and acquisitions.

Damdin Tsogtbaatar, a member of Mongolia's parliament, said at the forum that Mongolia and China have reached the consensus that cooperation is the only way to win the battle against COVID-19.

Dame Sue Owen,

David Watkins, director at Strategy Analytics, a global market consultancy, said the sales of smart speakers increased in all regions in the second quarter of this year, both year-on-year and quarter-on-quarter, and Asia-Pacific remained the largest region.

Deepening reform and opening-up, innovative tech ecosystem, and astonishing success of domestic startups inspire foreigners in China to unleash their entrepreneurial energies