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But when I visit the popular restaurant in Shanghai with local friends, they find a lot to like. The menu, created by the Hakkasan Group's much-lauded head chef Tong Chee Hwee, boasts "a strong Chinese identity" and a reverence for local ingredients rather than a pure underpinning of traditionalism.

By 2021, global IoT spending is expected to reach .4 trillion as organizations continue to invest in hardware, software, services and connectivity that enable the IoT.

By comparison, Urbo is currently looking to raise 5 million euros (.2 million) to fund planned expansions in the UK and Ireland, and GoBee managed to raise million in its last financing round.

But the stay-at-home orders meant more people ate at home rather than going to restaurants, boosting food and beverage sales 12 percent. However, sales at restaurants and bars fell 48.7 percent, the Commerce Department said.

By 2020, half of external packages should be degradable, 90 percent of waybills electronic, and packing material consumed for each parcel cut by 10 percent, the SPB said in a document.