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Dai Wei, founder and CEO of ofo, said the deal will help the Beijing-based firm expand its presence in both the domestic and global market.

Daimler's cooperation is not limited to BAIC. Earlier this month, the automaker announced a plan to work on a new engine with Geely, which is Volvo's owner and Daimler's largest shareholder.

Dan Kelly, president, and CEO of the Canadian Federation of Independent Businesses, also took to Twitter to criticize Amazon for seeking incentives in its RFP. Toronto and Vancouver are considered attractive candidates for Amazon’s HQ2, as they check many of the boxes on Amazon’s wishlist and aren’t subject to U.S. immigration policy.

Dalian Commodity Exchange launched new soymeal futures options on Friday - the first commodity options in China - offering one more hedging tool for investors, as well as soybean processing firms.

Dave Gilboa, the company’s co-founder and co-chief executive, told The Wall Street Journal?the stores sell an average of ,000 a square foot annually, putting it in the same revenue-generating category?as high-end jeweler?Tiffany, which is only second to a retailer like Apple.