The move is aimed at persuading more professional overseas banks and insurance companies to enter the Chinese market.
The move is the first of its kind in China's bike-sharing sector, as competition in the domestic market is getting fiercer. Youon said the new acquisition will help it to compete with other major bike-sharing companies.
The move follows a plan released a week ago by the National Development and Reform Commission to encourage tourism-related activities in Hainan, such as medical tourism, horse racing, sports betting and an instant lottery.
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.
The move comes after Dick's Sporting Goods announced earlier that it would restrict the sale of firearms to those under 21 years old.
The move came after PlusAI and Suning, a Chinese e-commerce and logistics giant, tested the newly developed heavy-duty driverless truck in Suning's logistics park and on a Shanghai highway in May.
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The move is a proof of Aruba's determination to provide customized products to the local market, Xie said.
The move comes months after Beijing started allowing foreign companies to apply for licenses and ahead of a G20 meeting in Argentina where the United States and China will try to resolve their trade disputes.
The mountain's lesser-known legendary background was given a boost in 2001 with a major archaeological discovery.
The most romantic place in the country, according to Amazon, is San Antonio, Texas, marking the city’s first appearance on the list.?Meanwhile, San Buenaventura, Calif.,?New York City and?El Monte, Calif., were the least romantic cities.