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Chinese internet giant Alibaba Group Holding Ltd's acquisition of NetEase Kaola, the cross-border e-commerce arm of NetEase Inc, for billion will create a principal online marketplace for consumers seeking high-quality foreign products, holding more than 50 percent of cross-border e-commerce market share in the country, according to industry experts.
Chinese actress Zhao Wei poses during the photocall for the movie "Qin'ai de" (Dearest) at the 71st Venice Film Festival Aug 28, 2014. [Photo/Agencies]
Chinese companies on the Fortune Global 500 list are located in 28 cities, while 66.7% are concentrated in Beijing, Shanghai and Shenzhen. Compared with ordinary main-board listed companies, Fortune Global 500 Chinese Companies are more concentrated in the national core cities.
Chinese online group discounter Pinduoduo nailed down its offering price at the highest end of the indicative price spectrum of per share, with a value of billion, as the company will debut on the Nasdaq on Thursday, local time, according to a report by tech news portal All Weather TMT.
Chinese companies' investment in countries along the Belt and Road routes have resulted in a number of major projects, which contributed to those countries' economic growth, Xi said in January in his keynote speech at the Davos World Economic Forum in Switzerland.
来源：资阳报