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As of 2016, the company had about 15,000 merchants on its website and a mobile application that had been downloaded 100 million times. That year, it merged with Mogujie, founded in 2011 with about 130 million registered users.

As of 11:00 am Thursday, about 868 pieces of snow clearing equipment were put into use to remove snow from roads.

As long as the United States and China, whose economic relationship remains the most consequential in the world, "do not get into a trade war or some pattern of mutual recrimination," both sides and the rest of the world will benefit, Shatz said.

As of March 31, 2020, Dada Now's intracity delivery service covered more than 700 cities and counties in China, and its last-mile delivery service covered more than 2,400 cities and counties in China. JD Daojia has partnered with almost all the leading supermarket chains, including Walmart, Yonghui and CR Vanguard.In 2016, the company established a cooperative relationship with Chinese e-commerce heavyweight JD and US retail giant Walmart. The two companies have also become one of its strategic investors.

As listed firms have made their business strategies more diversified in recent years, their need for floating subsidiaries to achieve a balanced development of different businesses has increased, the CSRC said in an announcement.