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Competition in China's booming sharing economy market is set to intensify further, as companies step up efforts to retain customers and market share with superior products and services, said industry insiders.
Comcast Ventures led the round with existing investors Greylock Partners, Amazon and High Peaks Ventures also participating. Comcast Ventures’ Sam Landman calls WhoSay the leading content management platform for the world’s most influential personalities.
Companies need to develop more innovative products to meet their demand, he said.
Commercial banks disposed of more than 450 billion yuan in bad loans in the first quarter, up by 81 billion yuan from the same period in 2019. Meanwhile, China's loan loss provisions exceeded 6 trillion yuan, showing strong risk resistance capacity, he said.
Commenting on G20 topics, Gustavo Girado, an expert on contemporary Chinese studies at the National University of Lanus in Argentina, said that multilateralism and global governance have been weakened in recent years, mainly by Western powers.