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As the second major Chinese mainland company to list in Hong Kong this month, following the online food review and delivery company Meituan-Dianping, Haidilao raised 0 million in its IPO. It sold stock at the top end of its marketed range of HK.80 to HK.80, with the public tranche being 4.56 times oversubscribed.

As the price of VR hardware falls and content becomes increasingly abundant and diverse, more people will buy and embrace professional VR goggles, Yuan added.

Asad Jumabhoy, founder and CEO of UTU, a digital rewards platform.[Photo provided to chinadaily.com.cn]

As the number of 5G users continues to increase, innovative services related to 5G will grow substantially, said Liu Duo, head of the China Academy of Information and Communications Technology.

As to the higher education radiation, Beijing, Shanghai, Wuhan are the top three cities, followed by Nanjing, Xi'an, Guangzhou, Changsha, Chengdu, Tianjin and Harbin. The 10 cities account for 69.3% of universities listed in Project 211 and Project 985, and 26.0% of all the students studying in regular universities. The top 30 cities make up 92.8% and 57.1% respectively. China's higher education resources, especially high quality ones, are highly concentrated in the leading cities of the ranking.