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An aerial view of factory buildings in the Lingang area is seen in Shanghai on June 8, 2019. [Photo/IC]
An ocean liner loads rare-earths metals, file photo. [Photo/IC]
An approval certificate has been granted to the company, whose application for such businesses has passed the official review, the People's Bank of China said Tuesday in a statement on its website.
An initial public offering is a bet on future growth, but Uber's planned deal comes with slowing revenues, huge losses and the possibility that unionization of its drivers could kill the company's business model.
An industry insider said that sharing charging infrastructure will give customers greater access and cut operating costs.
