URUMQI
Jack Eichel Sabres Jersey , Nov. 6 (Xinhua) -- The Chinese Air Force's August 1st Air Demonstration Team on Monday left for the United Arab Emirates (UAE) to take part in the Dubai Airshow, which is scheduled to last from Nov. 12-16.
The team will also visit Pakistan after the airshow and stage aerobatic performances there on Nov. 20, according to the Chinese People's Liberation Army Air Force.
Seven J-10 aerobatic fighter jets embarked on the trip.
Shen Jinke, spokesman of the PLA Air Force, said the air force is ready for pragmatic exchange and cooperation in more fields and many levels with air forces of other countries and to make new contributions to peace and development.
The team has staged more than 600 aerobatic shows for delegations from 168 countries and regions. It has also visited several countries for performances
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BEIJING, Oct. 30 (Xinhua) -- China's bike-sharing company Youon reported a profit surge for the first three quarters on Monday.
Changzhou Youon Public Bicycle System Co generated revenue of 751 million yuan (113 million U.S. dollars) in the first three quarters, up 44.11 percent year on year.
The company reported a net profit rise of 9.38 percent, to 79.27 million yuan from January to September, according to a quarterly report filed with the Shanghai Stock Exchange.
Youon saw its fixed assets surge 496.8 percent from the beginning of the year to 114 million yuan by the end of the third quarter
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Youon went public on the Shanghai Stock Exchange on Aug. 17 this year, the first initial public offering by a bike-sharing company.
Its shares soared by the daily limit on the first trading day, and for the following 10 trading days.
The success of Youon's IPO was epitomized by changes to China's economy, displaying the new momentum of Internet-based, innovation-driven businesses.
Youon and its more prominent rivals
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China's bike sharing market is expected to rake in 10.3 billion yuan in revenue this year, a 736 percent increase from 1.2 billion yuan in 2016
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It estimated the number of shared-bike users in China will hit 209 million this year, compared with 28 million last year.
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