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As online sports apps take off, basketball players in pickup leagues, particularly in China's first- and second-tier cities, can now experience the LeBron James effect for the Cleveland Cavaliers.

As investors continue to speculate about a potential rival bidder to Amazon’s .7 billion price for Whole Foods Market, Reuters reports that Walmart is not in the running to scoop up the high-end grocer from its competitor.

As new capital has been injected into the two funds - the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) and the SME Export Marketing Fund (EMF), the funding ceilings for each enterprises will be doubled to 4 million Hong Kong dollars (about 510,000 US dollars) and 800,000 Hong Kong dollars respectively and the ratio of initial payments will also be significantly improved to 75 percent.

As of June 30, Leading Ideal has delivered over 10,400 Leading Ideal One-the extended-range electric vehicle and the company's production capacity is expected to reach 100,000 in 2020.

As of 5 pm Saturday, nearly 1,300 fishing boats have returned to harbours, according to the provincial flood control headquarters.