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Shan Weijian, group chairman and CEO of PAG, a Hong Kongbased private equity firm, said the trade dispute, if it continues, will compromise the international trading system, which relies on a global division of labor based on each country's comparative advantage. "Once that system becomes less dependable－when disrupted, for instance, by the boycotts and hostility of trade wars－countries will start decoupling from one another," he said in a recent article.

Shankar previously was a software intern at CardMunch, which was acquired by LinkedIn. Zhang?spent a short spell as a software intern at Amazon.com, working on an undisclosed project. And?Thatipamala served as a researcher at Berkeley’s Hbird Systems Lab.

Shanghai-based conglomerate eyeing separate listing in HK for subsidiary

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Shandong Shipping employees unload products at a port in Tianjin. [Photo byZhang Ke/For China Daily]

Shanghai has always attached great importance to improving the business environment. Visits have been made and 15 government-enterprise meetings held this year to help foreign companies tide over the difficulties brought by COVID-19.

Shan said the new function, which is set to be rolled out in the upcoming Spring Festival travel rush, will help buyers obtain a canceled ticket faster than using ticket-snatching software.

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Shanghai Oriental Pearl Group Co, a provider of internet services, said in a separate statement it is also spending 300 million yuan on 21.8 million shares in FII's IPO.

Shareholders new on the list from unicorn companies and STAR Board accounted for nearly half of the total of 192 new entrepreneurs this year.

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Shanghai-headquartered SAIC Motor Corp showcased its manufacturing capacity in Lingang Area on Thursday, where many high-end cars by the company come from.

Shanghai Ballet's Swan Lake, which was choreographed by British artist Derek Deane, premiered in Shanghai in 2015. It is the tragic story of a cursed princess who is turned into a swan. Instead of the usual 16 or 24 swans, Shanghai Ballet's production features a flock of 48 birds.