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An early investor in Ofo, Allen Zhu with GSR Ventures, said Saturday at a forum continuing to burn cash to compete in the bike-sharing market is meaningless for Mobike and Ofo and only results in a huge loss, adding that mergers are a complicated process. He also said where mergers are concerned investors, entrepreneurs, shareholders and users have to balance their interests and benefits, according to Securities Daily.

An aerial view shows a helicopter flying over residential areas flooded by the Chikuma river following Typhoon Hagibis in Nagano, central Japan, October 13, 2019. [Photo/Agencies]

An S&P Global Market Intelligence report said recently that these banks are becoming more entwined with the global banking system, which also means that the world is more exposed to domestic risks facing the Chinese lenders.

An Indian chef is rolling out roti prata onto a kneading board as a Chinese chef makes lamian (hand-pulled noodles), while on the other side of the hall, a Japanese chef prepares sushi.

An affiliate of Hainan Airlines said it has achieved profitability within 19 months of launching such services.