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As the existing debt solutions involve the assignment of debt and asset disposal, Leshi has not yet received any cash paybacks, meaning the current plan cannot provide cash support to directly relieve Leshi from the financial distress caused by a lack of funds.

As the money flowed in, many companies have prioritized customer acquisition over profitability by offering deep discounts or free small-ticket deliveries. This has resulted in exponential expansion of the market with an annual growth rate of over 40 percent, said Eric Hor, associate partner of global consultancy Prophet.

As the reform efforts attract more overseas-listed Chinese tech firms to go public in the mainland, domestic investors will welcome more high-quality investment targets, said Dong Dengxin, director of the Finance and Securities Institute at the Wuhan University of Science and Technology.

As the end of 2019 approaches, a forthcoming film aims to celebrate the New Year on a heartwarming note.

As the weather heated up over the weekend in the US, so did the chafing at coronavirus restrictions and the discord in national politics.