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In today's market, IPO candidates are increasingly asked to do more of the burden-sharing and amass potential investors through personal connections tapping family, friends and other personal/professional relationships.

In their early days, the band performed almost every night at live-house venues in the city, such as Mao Livehouse, either opening for other bands or sharing the stage with others.

Industry insiders consider Yili's intended acquisition of Stonyfield reflects Chinese dairy makers' growing interest in the low-temperature dairy products market. According to the Dairy Association of China, the country's low-temperature dairy product industry, especially pasteurized milk, grew by over 20 percent annually in the past three years.

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In their talks, the two leaders also spoke highly of the growth of bilateral ties over the past 47 years since their countries established diplomatic relations.

Infections from COVID-19 had already become a public concern in China before the start of the Spring Festival holiday on Jan 25 as many people were preparing for annual family reunions during the weeklong holiday.

India's surpassing of 1 million infections came a day after confirmed cases in Brazil topped 2 million.

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Industry experts, however, have noticed a gradual paradigm shift. According to Agam, the sector is on the cusp of a transformation from prototyping and design to real-life manufacturing and end-user engagement. This year could herald such changes.

Initial US jobless claims rose for the first time in about four months as some states delayed or reversed reopening the economy amid an increase in the number of new coronavirus infections, the US Labor Department reported Thursday.

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Industry giant AIA will likely be the first wholly-owned foreign life insurance company in the country, according to public information released on Jan 9. Prior to that, three asset management companies of foreign insurers began operations last year.

Incentives and preferential policies given to travelers are the main measures driving the recovery of the tourism market. On April 1, Huangshan city in Anhui launched a two-week tourism campaign allowing residents to visit designated A-rated attractions for free until April 14.