The move comes after Target reported flat December sales from last year. Matching some of Amazon’s super-low prices might hurt Target’s bottom line, but CEO Gregg Steinhafel doesn’t think showrooming is that big of a deal, at least in terms of profit.
The municipal public security bureau of Sanya said they had arrested 12 suspects and seized over 1,700 credit cards and 300 POS machines from the gang's four dens.
The nation's top economic regulator this week further tightened regulation for debt issuance as regulatory authorities pledged to prevent further accumulation of hidden debt by local governments.
The money raised from Luckin's IPO will go toward growth. "We intend to further increase our brand awareness, expand our customer base and store network," the company said in its SEC filing.
The move by the Japanese firm underscored the rising interest of global financial institutions of expanding their presence in China.
The narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, came in at 60.23 trillion yuan at the end of September, up 8.1 percent from last year.
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The move was one of the ways in which the Export Development Board (EDB) is supporting the tea industry to increase sales, Jeevani Siriwardene, director-general of the EDB told the Colombo International Tea Convention held in Colombo.
The model sold more than 4 million units by the end of last year and has become the first car of many Chinese people since it first entered China in 1991.
The museum-related activities will be mainly held in Guangzhou, with shows on intangible cultural heritage mainly organized in Yan'an, Shaanxi province, he said.
The move, according to ADGM, was to support China's Belt and Road Initiative, a grand project with the goals of building trade and infrastructure networks connecting Asia with Europe and Africa on and beyond the ancient Silk Road routes.