Neike also stressed that technology is not successful if the business model doesn't change. Citing Alipay and WeChat Pay as examples, he said both revolutions were enabled by the technology itself, but required a change in the business mindset.
Net profit was 34 million yuan during the same time frame, an increase of 60 percent.
Navigator Concept
Nationality: United Kingdom
Neither of the sides in the case said they will appeal to a higher court.
Net fee and commission income also rose by 11.15 percent during the same period. Income from credit cards, agency insurance services and syndicated loans increased rapidly, in addition to steady income growth of asset custody and wealth management products, according to the bank's interim results announcement issued on Wednesday.
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Netherlands asked to assist in repatriation of missing relic
Native migrant workers in Beijing totalled 724,000 in 2017, 2,000 fewer compared with the previous year, the report showed.
Nearly a year after a deadly Florida high school shooting, two survivors-turned-activists see a "glimmer of hope" in a new bill to address gun violence in the United States.
Nearly 1,000 residents have been relocated to safety. The rain also left roads blocked, houses collapsed or damaged, and power supply and communication interrupted.