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"Every market has its own features, so we need to optimize our products according to local situations," said Lan Junjie, general manager of the company's international department.

"Didi's intensified overseas efforts, including this fresh fundraising, will no doubt pose a great threat to Uber. Uber's valuation is shrinking due to its operation problems while we witness Didi is ascending in overseas markets through cooperating with local partners," Zhang added. In the past few years, Didi Chuxing has been pushing its overseas presence rapidly with investments in several of Uber's rivals globally, including US-based Lyft, Brazil-based 99, India's Ola, Singapore-headquartered Grab, Estonia's Taxify and Careem in the Middle East. It also ended the battle with Uber in the Chinese market last year by acquiring Uber's local business.

"During the president's Chinese visit, we signed a Memorandum of Understanding with Chinese firms to supply the products in the neighboring market," Vinamilk's spokesperson said.

"Despite the ravages of the COVID-19 global pandemic, Beijing is on its way to achieving this goal, having lifted over 850 million people out of poverty," Adhere said.

"Economic and trade cooperation has always been an important pillar of BRICS relations. We are committed to strengthening economic integration in the area," he told a news conference.