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As the first issuer to take advantage of Hong Kong's new rules on dual-class shares, Xiaomi's IPO price is on the low end of the expected range — HK to HK — it had earlier set, which makes its initial aim of raising billion, as earlier reported unmet. The valuation of the company after listing will be far below 0 billion, CNBC reported.

As the country's influence grows, understanding and exchanging ideas will be critical for everyone. Also, China is now setting examples in many key areas from the mobile internet to e-commerce.

As pet hotel services are in hot demand, the industry has been upgrading to assure pet owners of the safety of their four-legged friends. And some business owners such as Li have taken things a step further, making sure that it's not only the owners who are happy, but the pets, as well.

As several passengers were thrown out of the bus in the crash, a bus safety committee under the Transport Department will hold a meeting soon to review safety issues including stricter rules on wearing seat belts and improving the bus body design.

As we both face the serious impact of unilateralism, there is a need to enhance Asia-Europe consultation and cooperation. We must be steadfast in upholding the rules-based international order, the authority of the United Nations, and the purposes and principles of the UN Charter. Disputes between countries need to be addressed through consultations under bilateral or multilateral frameworks in line with international law. And common challenges of the international community should be met with multilateral solutions and by honoring existing international agreements. As advocates and beneficiaries of multilateralism, we Asian and European countries also need to take the lead in upholding multilateralism.