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As for challenges, some users had complained that wearing such devices made them feel dizzy. High costs of hardware and content tend to make them prohibitive for some service providers, according to a report on business news website Lanjinger.

As far as Mobike investors are concerned, Zhou Kui, a partner at Sequoia Capital China, was reported to say it is time to merge when each company has a stable market share and little room to expand in China. He added the resistance to a merger does not come from investors.

As a renowned contemporary Chinese artist, Zhou is known for combining creativity with the beauty of the wilderness. The contemporary Chinese artist is also well known for his invention — zhong cai oil painting.

As Xi underlined, support will be given to Pudong to expand business activities including offshore yuan transactions, cross-border trading and settlements as well as overseas financing. An international financial assets trading platform should be built up in Pudong to enhance the area's influence regarding commodity pricing, he added.

As a high-tech enterprise integrating production, research and development and sales, HSG Laser products are being widely used in the auto industry and in electrical engineering. "With its compelling technological innovation and product quality, HSG Laser has its intelligent laser equipment operating in more than 100 countries and regions. And its sales volume is expected to achieve double-digit growth this year," said Ouyang Zhanfei, director of investment at HSG Laser. HSG Laser is stepping up its efforts to expand in overseas markets. Following setting up a marketing subsidiary in Germany, the company plans to establish a research and development subsidiary in Japan and a marketing center in Vietnam in 2019, according to Ouyang.