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China Global Television Network cited figures from market consultancy Statista late last year, estimating that the revenue of the online video sector stood at 125.8 billion yuan in 2019, double that in 2016. Despite that, CGTN said, video streaming services were not profitable.
China Pacific Insurance will offer about 102.87 million GDRs, each of which represents five A shares of the company, said the prospectus. The price of the GDR has been finalized at .6 per share. Once the company exercises the overallotment option, which will not exceed 10 percent of the base offering, the total proceeds of the issuance will be around .99 billion.
China announced plans to establish Xiongan New Area in April this year as part of measures to integrate the Beijing-Tianjin-Hebei regional development and cure "urban ills" such as traffic congestion and air pollution in the capital.
China and Russia need to make use of all possible means to keep the 0 billion two-way trade stable and work further to double it, Premier Li Keqiang said on Friday.
China Shipping said it also plans to relocate the headquarters of its subsidiary Beijing Great Wall Electronic Equipment Co Ltd to a marine equipment industrial park in Hebei province. The company is now located within the Second Ring Road of Beijing and covers an area of 36,000 square meters and has 600 employees.
来源：资阳报