Lu took advantage of his position to seek profits for others and received a huge amount of property, leading to suspicions he had accepted bribes, the statement said.
Luckin Coffee Inc, which surpassed Starbucks as the country's largest coffee chain operator in term of store numbers by the end of last year, unveiled its plan to enter the smart coffee and snack vending machine market to further extend its network but not necessarily generate a quick boost to its profits.
Lu Yanxia, associate research director for IDC China's Emerging Technology Research, noted the AI market in China enjoys broad prospects in the future.
MGM Resorts International lost 4.18 percent.
Lu from Nomura said he expects growth in outstanding aggregate financing to gradually slow from the current 13.6 percent to around 11.5 percent by the end of next year. "We don't expect any rate increases before the end of next year."
MACAO - Chinese President Xi Jinping on Thursday evening attended a grand gala in celebration of the 20th anniversary of Macao's return to the motherland.
西安医学院附属胃泰中医医院看胃肠咋样
Loved for flaws
MACAO - Macao and Alibaba Cloud will work together to upgrade the special administrative region (SAR) into a smart city by applying cloud computing and artificial intelligence (AI), according to an agreement signed on Friday by Macao SAR government and Alibaba Cloud.
Lu, a native of Shandong province, graduated from Tongji University in Shanghai. In the past he was a teacher and then the head of a science and technology facility.
MOSCOW -- The leader of the Democratic People's Republic of Korea Kim Jong-un will pay a visit to Russia and meet Russian President Vladimir Putin in the second half of April, the Kremlin said Thursday.