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Analysts believed that a second listing in Hong Kong would create another large market for Alibaba's shares, potentially boosting its valuation.
An unmanned drone, operated by food delivery platform ele.me,delivers meals in Shanghai’s suburban Jinshan district. [Photo provided to chinadaily.com.cn]
Analysts attribute the profit growth to the bullish A-share market in March. According to Bloomberg, average daily stock turnover of the market hit 887 billion yuan in March, or 50 percent higher than in February, driving brokerage revenue up.
Andy Icken, deputy director of Houston Planning & Development, and Cai Jianfeng, deputy director of Suzhou Municipal Commission on Economy and Information, sign cooperative agreement for further cooperation between the two cities at the summit on Tuesday. MAY ZHOU / CHINA DAILY
Analysts from Beijing-based China Jianyin Investment Ltd were more optimistic.
