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Chinese artificial intelligence startup 4Paradigm announced on Thursday that it has raised 0 million in its series C and C-plus rounds of financing, which will move its valuation to billion.
Chinese consumers tend to buy high-quality and diversified products, the company said. Kitchenware sales posted the strongest growth — 399 percent year-on-year. That was followed by furniture and luggage, with their respective sales revenue up 185 percent and 148 percent, JD reported.
Chinese authorities have tightened their grip on the Internet financing market to rein in financial risk in the past year. Regulators ordered a ban on Initial Coin Offerings and shut down all virtual currency exchanges in the country.
Chinese authorities are expected to use monetary tools and strengthen government spending to slow the weakening of economic activity due to the novel coronavirus outbreak, and to ensure ample liquidity to prevent a sharp sell-off when financial markets reopen on Monday.
Chinese nuclear company in talks to buy control systems from British giant
来源：资阳报