Neil Wang, president of consultancy Frost & Sullivan in China, said the demands of Chinese consumers have become more diversified. Unique designs and concepts are well aligned with the latest buying trends of Chinese consumers. Their consumption ability, notion and willingness have resulted in the change in consumption structure in the country.
Nearly all (99 percent) US institutions taught classes online or used a hybrid teaching model during the fall 2020 semester, and 90 percent of institutions reported international student deferrals in fall 2020, noted the survey, conducted by the Institute of International Education (IIE) and nine partner higher education associations.
New York-based eyewear retailer Warby Parker has already disrupted the eyewear industry in a couple of ways. First, it challenged industry leader Luxottica by similarly “verticalizing” the model, sourcing its own material, overseeing design, manufacturing, and point of sale. Then it disrupted the consumer experience with home try-on kits. But Warby didn’t stop there. After operating exclusively as an online business, it now has 27 retail locations, with more in the works.
Nearly 100,000 new COVID-19 cases were reported on Friday, setting a global daily record. The country has not yet seen the worst of it, experts warned.
Nasdaq has made three takeover proposals and once became the largest institutional shareholder of the LSE. Euronext and Macquarie Bank also conceded defeat in their monthslong battle to buy the British bourse.
Nearly 100 people were held responsible for misconduct and irregularities related to local government debt in 2017.
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National capital Beijing's latest efforts in facilitating data transactions as well as the digital economy will greatly boost local enterprises' competitiveness globally, industry insiders and experts said.
Nearly 300 proposals related to epidemic prevention and control were made from Feb 13 to May 12, according to the committee.
Net profit of the bank in 2017 came in at 2 million, up from 7 million a year earlier, according to the report.
Net loss attributable to NIO's ordinary shareholders decreased by 51.1 percent year-on-year to 11.4 billion yuan for the full year of 2019.