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David Wong Yau-kar, a Hong Kong deputy to the NPC, said that the appointment of a veteran official with an economic background and rich experience shows the central government's determination to address the pressing problems faced by the city.
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.
Data from the National Bureau of Statistics shows on a yearly basis new residential housing prices in China's first-tier cities declined 0.4 percentage points more in April compared with a 0.6 percent drop in March, new home price growth in second-tier cities was even with the March level, and those in third-tier cities saw year-on-year growth 0.3 percentage points lower than a month ago.
Davidson said Alexa represents an exciting opportunity, one he did not want to pass up.
Dawn breaks over Lujiazui Financial District in Shanghai on March 7, 2017. [Photo/VCG]
来源：资阳报