Luckin Coffee raises $150m in latest financingre seen at a stor

Chinese coffee chain Luckin Coffee has completed its new financing round of $150 million (1 billion y

uan), lifting the firm’s valuation to an estimated $2.9 billion, news portal NetEase reported on Thursday.

Global fund manager BlackRock-controlled private equity participated in the financing by investing $125 million.

Last year, Luckin Coffee completed its two financing rounds worth $400 billion with inve

stors including Singapore’s sovereign wealth fund GIC, Joy Capital and China International Capital Corp Ltd.

The coffee chain founded in 2017 had 2,073 stores in 22 Chinese cities

by the end of 2018, and plans to build 2,500 more in 2019. The firm aims to overtake its rival

Startbucks in store and cup numbers in China, said Luckin Coffee’s founder Qian Zhiya at a news conference in January.

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Scientists said the research, also published in Nature

could open up new prospects for medical research.Huawei’s Ren named China’s most influential business leader

The 74-year-old Ren Zhengfei, founder and CEO of Huawei Technologies, is the most influentia

l business leader in China, according to the latest ranking released by business magazine Fortune’s Chinese edition.

Pony Ma Huateng, founder and CEO of tech giant Tencent, came i

n second followed by Chen Dongsheng, founder, chairman and CE

O of Taikang Insurance Group. Alibaba chairman Jack Ma grabbed fourth place this year.

These business leaders’ values were not only reflected in the successful m

oments of their companies, but also, most importantly, in their willingness to face challen

ges as well as help their company through a crisis, find new direction and stride for the next success, Fortune China said.

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In 1908, the rail line from Shanghai reached Nanjing

The rail link between Tianjin and Nanjing’s Pukou district-the Tientsin-Pukow Railw

ay-was completed in 1912. But the two lines could not be connected because there was no bridge across the river.

According to the Academy of Sociology, which was founded by scholars from Nanjing Univers

ity, at least two structures-the Wuhan Yangtze River Bridge and the Chongqing Baishatuo Yangtze

River Bridge-were built before the Nanjing structure. But neither was considered a landmark by the public.

In 1913, Zhan Tianyou, who was known as “the father of China’s railways”, traveled to Nan

jing to inspect the Yangtze riverbed to build a bridge. However, he dropped his plan because the river had an ave

rage width of 1,500 meters, was more than 70 meters at its deepest and the water flow was 3 meters per second.

Zhan reportedly stayed for a few days, left without saying a word, and then decided to inspe

ct the river in Wuhan, Hubei province, before completing the first design for the Wuhan Yangtze River Bridge.

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Revolutionary leader Sun Yat-sen once suggested that

an underwater tunnel should be built to connect the railways in Nanjing

, but his dream was not realized for about 100 years. In 1929, Sun’s casket was transpor

ted to Pukou district along the Tientsin-Pukow Railway before being ferried to downtown Nanjing.

In 1930, John Alexander Low Waddell, a 76-year-old Canadian who was a

traffic consultant to the Chinese government, said the Yangtze in Nanjing was too deep and

was flowing too fast to construct a bridge, according to the Academy of Sociology.

The government launched large-scale investigations in 1936 and 1946 before dropping the pla

n. In 1956, the State Council, China’s Cabinet, proposed constructing the Nanjing Yangtze River Bridge.

To test the bridge’s load-bearing capacity, Xu Shiyou, who comma

nded the Nanjing Military Region, ordered an armored regim

ent to drive 118 amphibious tanks on the newly built structure at 8 am on Sept 25, 1969.

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Speaking of the Chinese economy, Liu said, China is

 accelerating its transition from high-speed growth to high-quality develo

pment, as its economic structure continues to upgrade, and new momentum sustains remarkable growth.

China has adopted a proactive fiscal policy this year with greater intensity and enhanced efficiency, rolling out substa

ntial tax cuts and fee reductions, and its economic growth in the first quarter has gotten off to a good start, Liu said.

The minister said his country will continue to significantly relax ma

rket access, enhance the protection of intellectual property rights, and carry out larg

er-scale tax cuts and fee reductions, so as to create a more attractive investment and business environment.

On the sidelines of the Development Committee meeting, Liu met with David Malpass, the new World Bank president, as scheduled.

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The World Bank, Malpass said, is willing to work con

A capacity building platform designed for community-level healthcar

e services was officially launched on Apr 15 by the National Health Commission (NHC).

The report delivered at the 19th National Congress of the Communist Party of China points ou

t that community-level healthcare services should be improved and the work of general practitioners strengthened.

The NHC launched a capacity building and training program for community level talents i

n 2018, and prepared to establish capacity building platform combining online and offline efforts.

Talent team building is the key component to enhancing commu

nity level healthcare services, said Wang Hesheng, NHC deputy director.

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Today, there are hundreds of big planes flying betwee

en cities around the world and carrying machine components,” noted Mohammad Ehteshami, the former head of engineer

ing at GE Aviation who now runs GE Additive, a new business focusing on the latest manufacturing techni

ques like 3D printing. “Tomorrow, you won’t need to do all of that. You’ll just print what you need.”

At Siemens, additively-manufactured turbine blades can be cooled by complex internal channels, thereby improving their fun

ctional efficiency. Such technology now allows novel geometries that were not possible before.

According to a report released by the German conglomerate, add

itive manufacturing enables rapid prototyping resulting in up to 75 percent of former develo

pment time, and is more sustainable by consuming up to 65 percent less resources, by reducing gas emiss

ions by up to 30 percent and generally by creating components with longer life spans.

Experts believe that China is quickly closing the gap on the technology’s application and commercialization.

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Second minor earthquake in a week detected in Beijing

magnitude earthquake at a depth of 19 kilometers was detected at 12:47pm on Sunday

in Beijing’s Huairou district, according to the China Earthquake Networks Center.

It is the second earthquake in a week that occurred in the capital, following a 2.9-magnitude earthquake in Beijing’s Haidian district last Sunday.

Earthquake experts said minor quakes are normal in the area, as Beijing is located in the earth’s rift zone. There is no need for worry.

Since Beijing is at the junction of the earthquake zone of Shanxi province, the North China Plai

n and Yanshan Mountain, it’s normal for the capital to experience small quakes at a magnitude of two to thre

e, said Sun Shihong, a researcher at the China Earthquake Networks Center, as quoted by Beijing News.

“There will be no major impact on those living or working in the capital,” he said.

Seven rift belts are scattered through the plains in Beijing, mostly lyin

g from the northeast to the southwest. Among those rift belts, active ones are more likely to trigger quakes.

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Trump to attend 75th anniversary of Normandy landi

US President Donald Trump said on Thursday that he will attend the ceremonies t

o be held in France later this year for commemorating the 75th anniversary of the Normandy landings.

Trump made the remarks when asked by a World War II veteran at the Oval Office in the White House.

“I’ll be there,” he said.

The Normandy landings, an unexceptionally big military operation launched by the Allied troops, commence

d on June 6, 1944, breaking Nazi Germany’s grip on France and changing the course of history during the World War II.

Trump made a trip to France for the 100th anniversary commemorations of the end of World War I last November.

He has frequently criticized European members of the North Atlantic Treaty Organization

for failing to meet the official annual defense spending target of 2 percent of gross domestic product set by the organization.

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First phase of polling begins in India’s general elections

 India — The first phase of polling in India’s general elections began on Thursday morn

ing, and votes are to be polled in as many as seven different phases over the next 39 days.

The first phase of polling began at 7:00 a.m. local time, and will continue till 18:00 p.m

. local time. However, in other areas the polling timing will vary and end as early as 15:00 p.m. local time.

More than 170,000 polling booths have been set up for the first phase of polling.

The first phase of polling is said to be the third biggest among all the seven phases in terms of number of parliam

entary constituencies witnessing polling.ling officer prepares dinner inside a classr

oom after setting up a polling booth ahead of the first phase of the general election in Majuli, a large river island on the Br

ahmaputra river, in the northeastern Indian state of Assam, India April 10

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