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Chinese bike-sharing behemoth Mobike Technology Co Ltd is gearing up its overseas expansion, as the company aims to meet its ambitious goal of operating in 200 cities globally by the end of this year.

Chinese leaders pledged concrete measures in response to the incident at the meeting.

Chinese authorities have explored funding infrastructure and public works through PPP models since late 2013, amid growing concerns over rising local government debt.

Chinese app-developers argue that users are simply showing their appreciation by tipping content or service providers. Apple has argued that tipping is just like buying a song or video.

Chinese dama were known for spending 100 billion yuan to buy 300 tons of gold in 10 days when prices plunged sharply in April, 2013. Their big-ticket purchase became the key element in the global market and stabilized gold prices later that year.