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 authors were Lei Ruipeng, professor of bioethics

 at the School of the Humanities and Centre for Bioethics at Huazho

ng University of Science and Technology in Wuhan, Hubei province; Zhai Xiaomei, prof

essor of bioethics and health policy at the Chinese Academy of Medical Sciences’ Centre for Bioethics, in Beijing; Zhu

Wei, an associate professor at Fudan University’s Centre for Applied Ethics in Shanghai; and Qiu Renzong, a philosophy of sc

ience and bioethics professor at the Chinese Academy of Social Sciences’ Institute of Philosophy, in Beijing.

“We think the authorities should step up their efforts to improve the governance of et

hics in scientific research in light of the loopholes exposed in He’s case,” Zhai told China Daily.

Results of further investigations in the case should be made public, including the penalties given to all involved, she said.

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Different from 3G and 4G technologies, 5G technolo

 will impact various industries and stimulate the emergence of many new products, services and industries.

China Daily’s app was named the “Highly Commended” news app of the year at the newsawards 2019 in London on Wednesday.

The result was announced at the gala dinner held at the Royal Lancaster London. Ch

ina Daily beat two other nominees – The Independent and the Belfast Telegraph – to win the honor.

The China Daily app offers “a powerful mix of technology and innovation, with great clarity on audience needs,” said the judges.

The automotive sector will most likely be one of the first industries to rely

on 5G, connecting vehicles to other vehicles, roadsides, traffic lights, buildings and the inter

net to process data across cars or in the cloud, according to the report.

As 5G technology has integrated various industries and technologies, the number of 5G Stand

ards-Essential Patents applications surged to more than 60,000 globally by the end of April, the report said.

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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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Foreign volunteers help out at Hangzhou scenic spot

More than 2.5 million tourists visited West Lake in Zhejiang province over the May Day holiday.

What caught the attention of many of them was the presence of a team of eight intern

ational students, all wearing yellow vests and Bluetooth headsets, and riding electric scooters.

The eight were studying in Hangzhou, Zhejiang’s provincial capital. They are the first internatio

nal volunteer team serving at the famous spot, which was listed as a UNESCO World Heritage Site in 2011.

The foreign volunteers are from India, Mongolia, Banglade

sh, Indonesia, Democratic Republic of Congo, Ethiopia, Tanzania and Yemen.

“As Hangzhou is seeing an increasing number of individual travelers from abroad followin

g the 2016 G20 Summit … we have been considering how to diversify our volunteer forces during h

olidays and peak seasons for years,” said Liu Jian, director of the volunteer program.

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We hope the exhibition, which lasts 162 days, will

l become a platform for people to experience natural beauty and t

o better understand, and then materialize, Xi’s wonderful ecological ideas.

When the sustainable developme

ustin Irwin anad James Berry took turns to steer their boat o

n Barkley Lake in western Kentucky, looking for Asian carp.

It did not take them long to spot a school of fish. Stopping the boat, Berry started to feed a 180-m

eter-long net into the water as Irwin maneuvered the boat to form the net into a large circle.

With the net in place, they then steered the boat in a circle, banging the hull with a wooden st

ick. Immediately, carp started to jump out of the water before splashing back in.

nt goals are firmly established in people’s minds, the significance of hosting the exhibition will have been achieved.

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Xi, citing the old Chinese saying “honoring a promise

carries the weight of gold”, pledged to install a binding mechanism for international agre

ements, to make sure governments at all levels operate in well-regulated ways, and to update laws and reg

ulations to abolish unjustified practices, keeping in line with the needs of opening-up.

“It is welcome news to hear that the National People’s Congress has

already taken steps to lay the groundwork” for implementing the new Foreign Inve

stment Law, said Gupta, who brought up the possibility of China establishing “an ombudsperson’s desk” in r

elated government agencies to address foreign businesses’ legal concerns.

Gupta said China’s Foreign Investment Law could be a model for others looking to liberalize their foreign investment re

gimes, as China’s BRI is already delivering capital and know-how to other developing countries.

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hina, US hold 10th round of high-level trade consultations

Chinese Vice-Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin held the t

enth round of China-US high-level economic and trade consultations in Beijing from Tuesday to Wednesday.

As planned, the two sides will hold the 11th round of high-level economic

and trade consultations in Washington D.C. next week.This combo photo shows Chin

ese Vice Premier Liu He, who is also a member of the Political Bureau of the Communist Party of China Central Co

mmittee and chief of the Chinese side of the China-US comprehensive economic dialogue, posing for photos with

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. They held the tenth round of Chi

na-US high-level economic and trade consultations in Beijing from April 30, 2019 to May 1, 2019.

Liu is also a member of the Political Bureau of the Communist Party of China Centra

l Committee and chief of the Chinese side of the China-US comprehensive economic dialogue.

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Amazon to end local 3rd-party sales in Chinaon offices in Ne

US-based tech giant Amazon.com Inc plans to shut down its third-party seller services on its Chinese online marketplace

in July, as it shifts its focus to offering Chinese mainland consumers overseas products rather than goods from local sellers.

Starting July 18, customers logging in to Amazon’s Chinese web portal will only see a selec

tion of goods from its global store, rather than products from local third-party sellers.

Amazon said it will keep running its other businesses in China, inclu

ding the cross-border shopping business Amazon Global Store; Global Selling, which helps Chin

ese merchants sell products abroad; its cloud service platform Amazon Web Services; and Kindle e-book devices and content.

“Over the past few years, we have been evolving our China online retail business to increasingly

emphasize cross-border sales, and in return we’ve seen a very strong response from Chinese customers.

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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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