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Bangbangda is the internet giant’s first standalone product for the online education market.

Ziroom will waive 50% of the rent and all service fees, including internet and utilities.

Existing shareholder Hidden Hill Capital also participated in this round.

The development comes after US-based investment firm Muddy Waters disclosed a report alleging that Luckin fabricated financial figures.

Hardware company one of more than 20 vying for license from central bank.

China’s tourism industry is facing an estimated daily loss of USD 2.54 billion.

Is Nio facing the risk of running out of cash?

The novel coronavirus has infected patients in more than 100 countries.

The adjustment in Xiaomi’s local retail strategy is a reaction to the fast-growing business in Western Europe, the firm said.

The fresh funds will be used to develop new features for the niche but highly lucrative global relocation industry.