Learning app gets $71.9m from IPO

LAIX Inc, creator of English learning app Liulishuo, raised roughly $71.9 million in its Wall Street trading debut on Thursday, as it readies itself for expansion in the booming online education market.

Carrier buys into China Southern

Shares of Spring Airlines surged 3.7 percent on the Shanghai Stock Exchange on Friday after the Shanghai-based budget carrier said it would invest in State-owned China Southern Airlines.

Former CSRC official jailed for graft

Yao Gang, former vice-chairman of the China Securities Regulatory Commission, was on Friday sentenced to 18 years in prison for taking bribes and insider trading.

Short-distance trips a new trend

Short-distance trips during the National Day holiday are becoming a trend, and Airbnb expects a significant number of domestic travelers to try them out.

IN BRIEF (Page 5)

Herbalife bullish on China market

Herbalife Nutrition Ltd, a US-based nutrition company, is bullish on the prospects of the Chinese market, which will become the its biggest market in the next few years as consumers increasingly focus on healthy lifestyles and nutrition.

Imported goods set to hog the Nov 11 limelight

Consumers stand to benefit from more imported goods during this year's Nov 11 shopping gala as merchants across the globe try to ride the import boom fueled by the China International Import Expo.

Sino-Lithuanian ties to see further boost

China and Lithuania are expected to strengthen cooperation in the fintech, aviation and other sectors through mutual agreements, including deals for more direct flights between the two nations, according to a top-ranking Lithuanian official.

US' unilateral trade policies could slow global growth

How refreshing it is to listen to the voice of reason in these times made turbulent by the US' unilateral and protectionist policies. Especially, when the voice affirms the international community remains seriously concerned about the trade policies of the world's largest economy which could reverse the trend of healthy global economic growth.

White House barking up the wrong tree yet again

Perhaps US President Donald Trump knows he is not doing a good job - neither as president nor as a global leader. Perhaps that's why he is grasping at straws.

Third food scandal exposes rotten state of food inspectors

THE AUTHORITIES of a kindergarten in Yijiang district of Wuhu, Anhui province, have allowed expired sausages and other foods to be served to the students. This is the third kindergarten food scandal in the city in a month. Thepaper.cn comments:

Business as usual harms the environment

ON TUESDAY, Ministry of Ecology and Environment officials held a meeting with the principal officials of eight cities, including Jinzhou of Liaoning province, Yanbian of Jilin province, Zhenjiang of Jiangsu province and Xuancheng of Anhui province, as well as the officials in charge of the forestry departments of Anhui and Yunnan provinces, and Chongqing, and urged them to strengthen the protection of nature reserves. Beijing Youth Daily comments: