Police seized about 218 kilograms of crystal methamphetamine and ecstasy in a warehouse after a special law enforcement operation. Meanwhile, a police investigation uncovered a total of 9.84 grams of illicit drugs in luggage belonging to Lu and his accomplices.
Police said the incident caused chaos on the scene of the fireworks performance, and sent families and young children fleeing in panic.
Political analysts denounced such acts.
Pinduoduo last year spent 13.44 billion yuan on sales and marketing, an increase of 900 percent on 2017, with the company investing heavily in both online and offline brand awareness campaigns.
Pipers, drummers and lion dancers accompanied by a cacophony of cymbals filled the streets of the normally sleepy island of Cheung Chau, as part of the annual "bun festival" parade.
Pictured at front and center is Dong Rongjie, CEO of Huya Inc, who cheers along with invited guests during the opening bell ceremony at the Nasdaq Stock Market in New York, US, May 11, 2018. [Photo provided to chinadaily.com.cn]
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Police said it is the first time that a homemade pipe bomb had been found in Hong Kong. This type of bomb, often used overseas to attack government facilities, could cause serious injuries even death after exploding into small pieces.
Pinduoduo's shareholders — Tencent Holdings Limited and Sequoia Capital — each planned to purchase up to 0 million of the ADSs representing Class A ordinary shares in the initial public offering according to its prospectus, which was uploaded to the website of the US Securities and Exchange Commission on Monday.
Polling stations opened at 8 a.m. (1100 GMT) and the last will close in far western Brazil at 7 p.m. Brasilia time.
Pinduoduo debuted on the Nasdaq Stock Market last Thursday, with its shares rocketing by more than 40 percent on its first trading day. Its focus on user recommendations and social networking to boost sales has set it apart from the traditional search engine model adopted by most e-commerce firms, such as Amazon.com Inc and Alibaba Group Holding Ltd.