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As of June 30, PPDAI had over 48 million registered users, the prospectus said. The company said revenues are primarily earned from fees charged to borrowers for helping them match with investors.
As part of China's effort to boost the IoT sector, the 2018 World Internet of Things Expo will be held from Saturday to Tuesday in Wuxi.
As of June, the province has pumped in 970 million yuan (141 million U.S. dollars) in drought-relief funds, with about 1.52 million people mobilized against the drought.
As more brands are participating, livestreaming service providers have sprung up. Statistics from Taobao show there were no such agencies in June 2019, but now the number has increased to 200.
As labor costs rise, the outsourcing trend will come to China and "the outbreak may be the trigger for the change," the senior executive said.
