Chinese coffee startup Luckin Coffee will price its initial p

public offering at $17 per share on Nasdaq Stock Exchanges, CNBC reported on Friday.

This price is at the top of its expected range from $15 to $17 in a regulatory filing, indicating the value of the company at about $4.2 billion.

Luckin Coffee raised $150 million in the most recent Series B+ round of financing, lifting the B

eijing-based company’s valuation to about $2.9 billion, the company announced on April 18.

With the aid of new technology, Luckin Coffee provides customers convenient service with innovative business model.

“The old way is people looking for coffee. With us coffee finds the people,” Luckin Coffee’s Co-founder Eric Guo told CNBC.

As a representative of China’s new retail based on mobile app, Luckin Coffee, founded in 2017, has expanded at a rapid pace.

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The supply of high-end talent, government investmen

t in culture and education, attractiveness for foreign investment and consumption scale are also indicators under consideration.

Shanghai has the highest infrastructure and cultural environment indexes, and the financi

al hub’s talent, technological innovation and financing indexes are in the top three of the country.

Although Beijing’s soft environment index ranked first among all Chinese cities, its hard environment index lagged behind

due to restriction of natural resources such as air quality, climate and forest coverage rate, the report said.

With the best hard environment, South China’s Shenzhen also leads on the country’s technological innovation index.

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a simple inspection at ports of entry. The administration

was disestablished in the latest government reshuffle and quara

ntine management functions were merged into the General Administration of Customs.

With a rising number of inbound foreign travelers and Chinese students returning home wit

h pets in tow, the administration issued the new rule in January to facilitate entry.

Shanghai Customs inspected 25 cats and 15 other pets at its ports of entry between May 1 and May 5. Twenty-seven of them were all

owed in after on-site inspections. Eleven were put under quarantine, and two were sent back to their original co

untry or region due to the lack of quarantine reports and rabies antibody test results.

Last year alone, 1,577 pets-822 dogs and 755 cats-entered Shanghai from overseas, customs data show.

Shanghai Customs has been publicizing information on the new regulations throu

gh various channels to passengers, including cooperating with more than 60 air carriers, it said.

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For example, technologies like artificial intelligence

have improved the company’s stocking and inventory processes.

“Earlier we were reliant on the intuitions and experience of the local operation team. With the

use of technology like AI and big data, we are getting more accurate answers.”

As a larger and older retailer, Walmart has constantly worked with startups, said McMillon, citing the new Omega 8 platf

orm that enables retail innovation startups to collaborate with Walmart China to create better services for customers.

McMillon cited the example of a scanning ring developed by a starup for

Walmart that shortens pickup time for JD Daojia orders to less than 10 minutes and impr

ovements in the overall efficiency by 50 percent. Walmart’s WeChat mini-program has over 30 million members and is

developing an e-commerce service based on WeChat to help customers shop more easily and more accurately.

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Its partial loss is a terrible blow to a proud country

 and to the world more widely,” said Macfarlane, the King’s College historian.

A woman identified only as Marie, who has lived in Paris for 20 years, said: “This is a monument b

uilding that belongs to the story of Paris, to the story of France. … Notre Dame is our story, our culture, our spirit.”

An experiment conducted by Chinese and US scientists on improving monkeys’ cognitive function has been

found to follow international animal rights standards, according to the Chinese research institute.

The study implanted 11 rhesus macaque monkeys with copies of the human MCP

H1 gene, which scientists believe is crucial for humans’ brain development and evolution.

The project is led by researchers from the Kunming Institute of Zoology of the Chinese Acade

my of Sciences, who are working with researchers from the University of North Carolina.

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Second, although traveling has become more convenie

nt for Chinese people because of the rapid development of high-speed trains and the civil aviation industry, the transfer

from one mode of transport to another can still be troublesome at times. For instance, some high-speed train stati

ons have been built far away from the cities they serve, dragging down travel efficiency.

And third, some practices-such as free highway passage-may aggravate the conflict between supply and demand.

To solve these problems, which could worsen during holidays, synchronized planning and cooperation of multiple departmen

ts are required. To cope with holiday traffic, the authorities should also promote smart transportation and use a

dvanced technologies including artificial intelligence and big data to improve travel efficiency.

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We will step up efforts to expand cooperation with sho

video platforms such as Kuaishou, Bilibili, Douyin and Huoshan, to obtain more data flows and encourage brands and buyers to do more live broadcasts,” Zeng said.

It also plans to tap into the social e-commerce sector, which is currently in its testing phase.

Experts say the livestreaming explosion is boosting China’s e-commerce sector. The new

format could display the commodities in more dimensions and increase users’ trust.

Cao Lei, director of China E-Commerce Research Center, said this method could attract consume

rs’ attention quickly and accurately as most of the livestreaming users are post-90s generation who are accusto

med to shopping online, as well as help online retailers to gain data flows and create a “real” shopping scenario.

“Immediate feedbacks could be given to merchants based on users’ instructions. Through their

mobile phones, consumers are able to talk with overseas buyers, which will greatly enhance users’ trust on the platform.”

China’s cross-border e-commerce sector has been growing rapid

ly over the past few years, owing to a rapid growth in the nation’s middle and high-income shoppers.

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Rule of law strengthens social stability in new era: Editorial

Among all the reports submitted for review to the national legislature at its annual session, those by the Supreme Peop

le’s Court and Supreme People’s Procuratorate have been a focus of attention in the past.

Their comparatively high rates of disapproval have corresponded to the dissatisfacti

on with such hated phenomena as the corruption, inaction and inability of officials. The pressure has

thus been heavy on the two institutions to improve both their performance and reports.

This year, not only have they been more serious about the documents — the Supreme Pe

ople’s Court set up a drafting panel as early as October, and the less than 11,000 character text reportedly unde

rwent 35 “major revisions” before it was delivered to the National People’s Congress on Tuesday — but they also sho

wed that they have made targeted efforts to alleviate public concerns.On its part, the procuratorat

xiaovfuli.cn

hina takes four synchro golds in FINA Diving World Series

BEIJING – China dominated the first day of the FINA/CNSG Diving World Series 2019 as the host dive

rs took four synchro titles on offer with Olympic champion Cao Yuan becoming the double winner here on Thursday.

Cao/Chen Aisen topped the men’s 10m synchro platform as they scored 494.55, beating Aleksandr

Bondar/Viktor Minibaev of Russia (425.67) and Domonic Bedggood/Declan Stacey of Au

stralia (411.00). Thomas Daley/Matthew Lee of Britain finished fourth 400.86.

Cao, two-time Olympic champion in 10m platform synchro 2012 and 3m springboard 2016, continued his streak in the

dual-track as he finished with two synchro titles from the platf

orm and springboard and a silver medal from the 3m individual springboard.

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The move brought the total number of regions impleme

enting the reform to 14, according to the ministry.

Ministry to speed development of self-driving vehicles

he Ministry of Transport will take steps to boost the development of autono

mous driving technology in China, according to Minister Li Xiaopeng.

“We have selected some areas of Xiongan New Area, Zhejiang province and Xiamen, Fu

jian province, as pilot zones for the technology,” Li said at a news conference in Beijing on Feb 28.

“We will also cooperate with other countries to accelerate the development of autonomous driving,” he added.

With the reform, the new selection and enrollment rules may differ s

lightly from region to region. In northern China’s Hebei province, students will only have to si

t the annual national college entrance test for three subjects — Chinese language, math and foreign language.

Their performances during high school academic tests will also serve as measurable indi

cators. Their results in the comprehensive quality evaluation throughout the high school will be used as a reference.

The ministry vowed to promote steady progress of the college entrance exam and enrolling system reform across the country.

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