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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…

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ijing Jiangong Hospital was once an enterprise-owned hospital

Statistics from Beijing-headquartered think tank iyiou.com revealed that by last September, there were a total of 20,011 private hosp itals in China, accounting for nearly half of the country’s medical institutions. According to Hao Deming, exec utive vice-president and secretary-general of the Chinese Nongovernment Medical Institutions Association, starting from 2013, the number of China’s private…

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