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Stock impact report

Why Chinese tech companies are racing to set up in Hong Kong [Yahoo! Finance]

Yunji Inc. - American Depository Shares (YJ) 
Last yunji inc. - american depository shares earnings: 3/24 05:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
In a hotel lobby on Hong Kong Island, a delivery robot pauses outside one of the lifts as the doors open, and a guest steps out. The robot waits, and then rolls neatly inside. The move looks simple, but it isn't. To work in the busy hotel, owned by an international chain, the robot must navigate a building that won't slow down for it. People are often getting in the way, and it must be able to take the lift to the correct floor, and then find the right room. The company behind the robot, Yunji, is a mainland Chinese tech business that is aiming to use Hong Kong as a springboard for successful overseas expansion. "We aim to make our product succeed in Hong Kong, and then expand outward," says the firm's vice-president, Xie Yunpeng. 'Investing in people': Can China's new push to boost spending revive the economy? China sets lowest economic growth target since 1991 China exports surge despite Trump tariffs Hong Kong is becoming increasingly important to such mainland Chi Show less Read more
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