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Wang said the company intends to use the proceeds to increase investment in AI development, improving cooperation with companies that could provide exclusive and original data sets as well as research and marketing. Wang also said he hopes the IPO will make it easier to collaborate with US tech companies.

Wang added that the operational costs of wedding venues are quite high, and operators need to pay monthly rents on time. Small firms may perish unless leaseholders cut rents.

Wang Xiaoshuai was born in 1966 and has experienced frequent changes since his childhood.

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Wang pleaded guilty and said he would not appeal the conviction.

Wang made the call during his meeting with Pakistani top foreign affairs advisor Sartaj Aziz. He said that Pakistan and Afghanistan should send the international community a positive signal that the two sides are willing to restore mutual trust and conduct cooperation through bilateral channels.

Wang said during the hearing he had bought the scales in a local market to use as medicine.

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Wang Xin, head of the PBOC's Research Bureau, said last month that in the digital era countries can be expected to compete in a race to create government-backed digital currencies.

Wang Qingyun in Beijing contributed to this story.

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Wang said the China-Laos relationship has ushered in a new era since top leaders of the two countries inked an action plan in April on building a community with a shared future for China and Laos.

Wang said the progress made in companies' work resumption could be attributed to the government's favorable policies and measures.