The money raised will help the company to improve user experience, develop new business and expand into new markets. Company officials said Manbang will also explore emerging areas, such as new energy and intelligent driving, to speed up the logistics infrastructure construction.
The move comes after growth of infrastructure investment continues to slow in China. In the first eight months of this year, infrastructure investment increased 4.2 percent year-on-year, down from 5.7 percent for January-July, according to the National Bureau of Statistics.
The motive for the crime is still unclear. Local police said they are investigating whether it was a dispute among drug traffickers, though survivors said the gathering was held with friends and family.
The nation's top court overturned on Thursday a decade-old bribery and fraud conviction of a retail tycoon amid the country's ongoing efforts to rectify wrongful cases and better protect the legitimate rights of entrepreneurs.
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 nanny, convicted of starting a fire that claimed the lives of three children and their mother in a high-profile 2017 case that shocked the nation, was given the death penalty Feb 9 by Hangzhou Intermediate People's Court.
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The move is aimed at exploiting China's digital technology boom and rising demand from the education sector, said Lim Sau Hong, Signify's global vice-president.
The move came after the company announced in February that it launched a job-sharing platform to help restaurant employees temporarily shift into delivery services.
The move capped months of threats from US President Donald Trump to cut funds and sever ties with the UN health body.
The move by Google is?revealed in a new filing in King County Superior Court in Seattle. By intervening in the case,?Google says it wants?to?limit?what it?describes as an attempt by Amazon to use the legal discovery process to obtain “highly confidential information pertaining to Google’s cloud computing business.”