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.

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April 8 and was succeeded by Wang, former director of the Dunhuang Academy.

Shan is well known for his innovative changes to the Palace Museu

m, such as the introduction of a light show during the Lantern Festival.

By the end of 2018 over 80 percent of the Forbidden City had opened to visitors, compared with only 52 percent in 2014.

The Palace Museum established the Palace Museum Research Institute in Nove

mber 2013 as an unincorporated organization for scholarly inquiry and exchange.

The institute includes Palace Museum Institute researchers, scholars in the Palace Museum, and oth

er Chinese and international scholars, all coming together in an atmosphere of open scholarly exchange.

With a sustainable approach, the academy seeks to lead in scholarly developme

nt, formulate research strategies, evaluate scholarly writings, realize Palace Museum research goals, tra

in talent, publish quality material, and conduct international academic exchange.

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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.

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The volunteer team-led by Wu Liangliang, a security guard who has gained online fame for his fluent self-taught En

glish-has also been part of the site’s efforts to provide a more personal management style, in addition to the city go

vernment’s introduction of various measures, including a mobile app, to help tourists.

Larry Goodrich, from Seattle, who has been traveling with his wife

in the Yangtze River Delta for three weeks, lauded the volunteers’ contributions.

Having worked in the computer industry since “the era of brick-si

zed cellphones”, the 65-year-old said that while technology has provided unimaginable con

venience, traveling is about being a part of the destination and interacting with local residents.

“The human connection is always better,” said Goodrich.

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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.

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Congress has already taken steps to lay the groundwork” for implementing the new Fo

reign Investment Law, said Gupta, who brought up the possibility of China establishing “an ombudsperson’s desk” in

related government agencies to address foreign businesses’ legal concerns.

Gupta said China’s Foreign Investment Law could be a model for others looking to liberalize their foreign investment regi

mes, as China’s BRI is already delivering capital and know-how to other developing countries.

Overholt said that China’s past opening-up has been “extremely positive” gl

obally, and the BRI is a “very positive” vision that is good for China and the world.

“The key will be the implementation,” he said. “If the implementation is improved, it would be good for everyone.”

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financing cooperation center has recently been established — jointly with eight multilateral develo

pment institutions including the World Bank, Asian Development Bank and Asian Infrastructure In

vestment Bank — to prepare for “high-quality” projects and promote international standards for BRI financing.

Chinese financial institutions have provided more than $440 billion for BRI infrastructure projects. Renminbi-denom

inated overseas investment funds amounted to over 320 billion yuan ($47.49 billion) and the Chinese capital mark

et has helped companies raise 500 billion yuan through equity funding. BRI countries and companies have issued mor

e than 65 billion yuan in Panda bonds in the Chinese onshore market, according to the central bank.

The World Bank said BRI cooperation is predicted to reduce global trade costs by 1.1 percent to 2.2 percent in 2019.

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The Belt and Road Initiative, proposed by China in 2013, aims at building a

trade and infrastructure network connecting Asia with Europe and Africa along the an

cient trade routes of the Silk Road to seek common development and prosperity.

Let’s take a look at some key figures about the initiative.

A new remake of Peking Opera classic Farewell My C

oncubine is expected to premiere for opera lovers in Beijing in late May.

A representative opera piece of the late Chinese theater

mogul Mei Lanfang, Farewell My Concubine tells a love

story based on the legend of Xiang Yu – the warlord of the ancient Chu Kingdom – an

d his beloved consort Yu. Xiang lost a battle for the throne, and Yu committed suicide with his sword.

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Some of the winners will represent Latvia in the 2019 Chinese Bridge competition for universities

and middle school students in China where they will compete with Chinese language learners from all over the world.

Latvia has made remarkable progress in teaching and learning Chinese in recent years, with the succes

sful 16th Chinese Bridge competition taking the promotion of the Chinese language and culture to an even highe

r level in Latvia and strengthening cultural ties between the two countries even more.

The 16th “Chinese Bridge”, was organized by Confucius Institute at the

University of Latvia in cooperation with various education institutions in Latvia.

China’s last female Yangtze giant softshell turtle (Rafetus swinhoei) died on Saturday after an a

rtificial insemination at the Suzhou Zoo in East China’s Jiangsu province. Now, only three remain in the world.

An international research team carried out the fifth artificial insemination for the female turtle on Fri

day, but the animal did not recover from the procedure, even though researchers spent hours trying to save its life.

The dead female turtle is believed to be over 90 years old; Suzhou Zoo’s male turtle is over 100 years old.

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sponsorship from the Bill & Melinda Gates Foundation ended as scheduled. “However, more gre

en super rice species are expected to be rolled out, thanks to funds from the bilateral collaborations und

er the framework of the Belt and Road Initiative and South-South Cooperation.”

Gary Atlin, a senior program officer for the Gates Foundation, said the p

roject demonstrates a new collaboration model in which rice scientists from different cou

ntries can work together to understand local needs and develop solutions on a global basis.

“Expertise of Chinese scientists in rice breeding and cultivation is a tremendous resou

rce for the developing world,” he said. “I believe it will continue to have an impact for years to come.”

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