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Claude Sarrailh, CEO of Metro China, who is as tall as an NBA basketball player, was highly visible at the Wumart Lianxiangqiao store during his visit to Beijing recently.
Chinese tech giant improves brand image, product sales in major overseas markets
Citing the close economic ties, Garcia-Herrero said that "improved Chinese demand will help lift trade performance for ASEAN countries".
Citi, Morgan Stanley, CICC, Credit Suisse and HSBC Corporation are the joint bookrunners on the deal. The underwriters may also purchase up to 840,000 additional ADSs within 30 days.
Chinese sellers with a presence on Amazon, eBay and other platforms only need to pay around 1 percent of commission fees now, lower than the previous 3 percent to 5 percent, while business cycles have shortened to one working day from one or two weeks, according to Bank of China's New York branch.
