The move forms part of Cainiao's broader effort to expand and strengthen its global logistics network. Just last week, Cainiao unveiled plans to open five hubs in five cities around the world – Dubai, Hangzhou, Kuala Lumpur, Liège in Belgium and Moscow.
The move came after Xiaomi announced its Mi Credit lending service (and Mi Pay) to make its mark in the fintech space a few months ago. Another Chinese smartphone vendor OnePlus also revealed its plans to get into the payments services next year.
The narrow measure of the money supply (M1), which covers cash in circulation plus demand deposits, rose 1.5 percent year-on-year to 54.35 trillion yuan by the end of last month.
The move is part of China's broader push to boost smart manufacturing, as the long-predicted convergence of the IT and industrial worlds finally picks up momentum.
The much-anticipated development plan of the Guangdong-Hong Kong-Macao Greater Bay Area is likely to be released early next year, providing firm policy support and fresh opportunities for the 11-city cluster, Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor revealed on Saturday.
The move came after Huawei has already secured more than 25 commercial contracts for 5G, or fifth-generation mobile communication technology.
seo公司优化排名
The money includes more than 2.62 million yuan of compensation for personal freedom and more than 1.97 million yuan of compensation for spiritual damages, both setting a record for state compensation among cases in which people were unjustly charged.
The move spurred speculation that Kim Jong-un may also visit the Samsung factory when he travels to Vietnam. Reuters reported that Kim will arrive in Vietnam on Feb 25 ahead of the meeting and visit the Vietnamese manufacturing base of Bac Ninh and the industrial port town of Hai Phong. The Samsung smartphone-producing line is also located at Bac Ninh.
The move marks that local enterprises will be able to access all of Microsoft's three pillar cloud services to accelerate their digitalization efforts.
The move followed a similar operation of conducting 100 billion yuan of seven-day reverse repos on Wednesday.