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Prices of resold housing in first-tier cities remained flat month-on-month in June, compared with a 0.1-percent increase in May, while those in second-tier cities reported an increase of 0.3 percent, 0.2 percentage points lower than that of May.

Prior to that, it secured a million series-C funding in 2017, led by Alibaba Innovation Ventures, Soft-Bank China Capital and Sequoia Capital China.

Profit growth at China's major industrial firms hit an eight-month high in March, backing expectations the world's second-largest economy is set to stabilize as the government policies to bolster growth start to take effect, said industry analysts.

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Previously on GeekWire: Report: Amazon taking grocery delivery to LA and San Francisco

Prices of US-listed Chinese companies plunged on Wednesday after the bill was passed in the Senate. E-commerce juggernaut Alibaba fell by 0.17 percent, new energy vehicle maker Nio by 5.69 percent and emerging video-sharing platform Bilibili by 7.16 percent.

Previews to the 20-minute movie have gone viral on Chinese social media to create the buzz for Singles Day, the Nov 11 online sales.

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Private companies, such as Xiaomi, are also making major strides. The smartphone manufacturer unveiled its first in-house chipset in March.

Producing implementation rules is in accordance with the National Security Law, according to legal professor Albert Chen Hung-yee, also a member of the Committee for the Basic Law of the Hong Kong Special Administrative Region.

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Prominent Chinese business leaders and trade experts denounced the United States' newest levies on Chinese goods as irrational and destructive for both countries' business community.

Private bookstores played a significant part in the development, as 85 of the over 160 popular Sisyphe Bookstore chain as of October last year were opened in 2018 alone, and Yanjiyou, another popular brand, opened another 53 bookstores from January to November last year, according to an article on Wednesday's People's Daily.