Ventures, First Round Capital and Lowercase Capital made a killing in the IPO, some late-stage backers did not fare as well.

Japan’s SoftBank Group Corp <9984.T >, for example, invested in Uber in early 2018 at $48.

77 per share. It also bought shares at a much lower price in a large secondary transaction.

To be sure, other IPOs have traded well so far in 2019, including online scrapbook company Pinterest Inc, vegan burger

maker Beyond Meat Inc and video-conferencing startup Zoom Video Communications Inc. But these were mu

ch smaller startups than Uber that did not execute as many frothy fundraising rounds.

Uber Chief Executive Dara Khosrowshahi, who was on the NYSE trading floor to mark the debut, tried to cal

m investors by pointing to the company’s growth prospects and expansion plans.

www.zhongqianxue.cn

ring box office and increasingly impressive performance at major international film

festivals including the Berlin International Film Festival, Cannes Film Festival and Venice Film Festival.

But there is still a wide gap between the Chinese film industry and the Eu

ropean and US movie industries, be it in the art of filmmaking or in the publicity strat

egies and methods. That some Hollywood filmmakers spend nearly half of their budget on publicity and ad

vertising should give Chinese filmmakers some food for thought, especially since some Chinese movies, de

spite being well made and highly rated by movie critics and viewers alike, fail at the box office.

A wine-maker needs to get people to know his wine is good to make his business a success, so do Chinese filmmakers.

dyrbrn.cn

Concern over the recent escalation of tensions between Palestinians and Israelis have been temporarily relieved after Palestin

ian leaders in Gaza agreed a cease-fire with Israel early on Monday. Right now, nothing is more important than u

pholding the cease-fire as the atmosphere between the two rivals has not been so combustible since 2014.

Since Friday, militant groups in Gaza have fired more than 600 rockets a

nd other projectiles at southern Israeli cities and villages, killing four Israeli civilians, wit

h Israel retaliating with air and artillery strikes, killing 27 people, including 14 civilians, in Gaza.

The latest border clashes, the most deadly since 2014, have occurred against the backdrop of the changing Middle East po

licy of the United States, which has seen the US drop any pretense of impartiality and make clear its support of Israel.

cdyyfq.cn

s become a driving force behind economic growth, and interne

t companies should concentrate on making breakthroughs in core technologies.

“The country is narrowing the gap with developed countries, especially in autonomo

us driving, cooperative vehicle-infrastructure systems and intelligent transportation. We started a little late, but o

ur pace is faster and our potential is bigger,” said Robin Li, chairman and CEO of leading Chinese search engine Baidu Inc.

He noted that AI will have an impact on the internet and China should firmly grasp the historic opportuni

ties of AI, and the country’s efforts in technological innovations will begin gradually changing the world.

Pony Ma, chairman and CEO of Tencent Holdings Ltd, said the e-government is becoming the driving force for cons

truction of a digital China and high-quality social and economic development, and internet firms should co

nsolidate basic research and focus on making breakthroughs in core technologies.

www.hheeh.cn

She added that 28 passengers are now in the airport terminal, and five have been taken to a hospital.

A group of experts trained in providing psychological assistance

to survivors and relatives of victims has been sent to the airport.

President Putin has offered his condolences over the incident.

Kremlin press secretary Dmitry Peskov said Putin has ordered “th

e most thorough investigation” to find out the cause of the disaster.

According to Russia’s ITAR-Tass News Agency, a criminal case was opened after the incident on charges of violating flight safety rules.

Markovskaya said a commission headed by Russian Transport Minister Yevgeny Dietrich is working at Sheremetyevo.

Authorities in the Murmansk region have declared a three-day period of mourning. Andre

i Chibis, the region’s acting governor, announced the mourning period on Facebook.

shadoujiazu.com.cn

omy was more than 20 percent; in the past four decades, it has steadily

declined to 15 percent. At the same time, China’s share (in purchasing powe

r parity terms) has soared from 5 percent to about 20 percent. While the PPP indicators inflate the

pace of progress, the trend lines do herald a coming structural shift in the world economy.

China can foster the share of developing nations

In the future, the well-being of the advanced economies will de

pend on the rising living standards in less-wealthy nati

ons. And just as US leadership supported the role of the advanced countries in the 20th century world, Ch

ina has the potential to foster the share of emerging and developing countries in the 21st century.

In particular, the China-proposed Belt and Road Initiative can redirect domestic overcapacity and ca

pital for regional infrastructure development to improve trade and relations with Southeast and So

uth Asia, Central Asia, the Middle East and Europe-even across the Americas and Sub-Saharan Africa.

zaddw.cn

tain a breakneck pace of economic development, which has brought booming economic prosperity.

Unfortunately, it has also brought a deteriorating environment. Seeing heavy smog, for ex

ample, many people feel that a worsening environment will destroy the happiness brought by economic growth.

Since 2012, the new leadership under President Xi Jinping has put forward a series of ecol

ogical ideas. On Sunday, Xi said at the opening ceremony of the exhibition that “green mountains and cle

ar waters are indeed mountains of gold and silver, and environmental improvement means great productivity”.

This idea, dubbed the theory of two mountains, enjoys immense popular support in China.

Xi, who is also general secretary of the Central Committee of the Communist Party o

f China, urged officials at all levels never to sacrifice the environment for economic growth.

www.iglhlg.cn

 for foreign investments, opening up more sectors to foreign busines

ses, guaranteeing fair competition and planning new free-trade zones and ports.

Sourabh Gupta, resident senior fellow at the Washington-based Institute for China-American Studies, specifically praise

d the new Foreign Investment Law-passed in March by China’s national legislature and effective in 2020-which he s

aid is “a farsighted piece of legislation” that “will firmly usher in a new round of reform and opening-up”.

“Strong measures to deal with political, regulatory and administr

ative noncompliance are envisaged. A robust working mechanism to promptly address fo

reign businesses’ complaints is also envisaged,” said Gupta, who believes the prov

isions are a big step in assuring foreign businesses that the playing field is leveled in China.

www.ypwhl.cn

ties brought by the BRI, which by some estimates could be worth 1.8 billion pounds ($2.33 billion) annually to the British economy.

As a financial hub for international infrastructure investmen

t, British firms and international companies based in the UK stand ready to provide many of the ser

vices required along the Belt and Road, especially as it becomes more of a shared venture, she said.

They can also provide private financing required by the project and support thro

ugh green finance, consultancy, rule of law and foreign exchange, McGuinness added.

Seventy years after the founding of the People’s Republic of China, ties between China and UK h

ave gone from strength to strength, with bilateral trade now worth nearly 70 billion pounds, McGuinness said.

“I look forward to celebrating this long, fruitful relationship with our Chinese counterp

arts, and to marking the next chapter of our partnership in the Belt and Road,” she added.

www.cdzszyg.cn

annually to support academic research on basic science, technology and technological innovation, said Xu Wenwei, Hu

awei’s director of the board and president of the company’s newly established Institute of Strategic Research.

Huawei posted first quarter revenue of 179.7 billion yuan last Monday, a year-on-year growth of 39 percent.A new burst of messa

ging against China has been unleashed again by Australian newspapers and the Four Corners pro

gram of the Australian Broadcasting Corporation, giving the impression that hostile forces are threatening Australia. In Ma

ch, former Australian foreign minister Gareth Evans said, “a new form of Sinophobia is emerging”. He said this is on

e of the reasons Chinese-Australians are under-represented in senior leadership in Australia.

weilutu.cn