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An investor checks stock prices at a brokerage in Nanjing, East China's Jiangsu province, on July 6, 2020. [Photo/Sipa]
An investor monitors stock prices on his phone at a stock brokerage in Shanghai. [Photo by Lyu Liang/For China Daily]
An early investor in Ofo, Allen Zhu with GSR Ventures, said Saturday at a forum continuing to burn cash to compete in the bike-sharing market is meaningless for Mobike and Ofo and only results in a huge loss, adding that mergers are a complicated process. He also said where mergers are concerned investors, entrepreneurs, shareholders and users have to balance their interests and benefits, according to Securities Daily.
An investment consortium backed by Alibaba Group Holding Ltd founder Jack Ma has officially resumed its privatization bid for China's iKang Healthcare Group Inc, after two years of stalemate following a takeover war.
An Amazon delivery driver. (GeekWire Photo / Kurt Schlosser)
