The flexible market ecosystem in China has created more opportunities for companies. In this sense, consumers have a higher tolerance for products at preliminary stages and companies can adopt the trial-and-error strategy, he said.
The foal was taken from its mother and spent its first day indoors to be kept warm, where it was fed bottled donkey milk.
The fire broke out on Lingyun Mountain near Yingang Reservoir Thursday afternoon.
The fire scorched 2.7 hectares before it was put out. Firefighters have begun clearing remaining hot spots, the bureau said.
The first test train departed from Duisburg on May 5, crossing six countries and arriving in Yiwu, Zhejiang province, 22 days later, covering a distance of more than 11,400 kilometers in at least 13 fewer days than the journey takes by sea.
The firm's wide spread, however, led its billionaire founder and Chief Executive Jia Yueting to admit in November that it was facing "big company disease" and battling a cash crunch after expanding too fast.
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The fines were handed out for various violations, including information disclosure problems, market manipulation and insider trading, the statement said.
The firm announced in August this year that it has raised million in its latest round of fundraising, which industry insiders said is the largest round of financing in the math education-focused sector.
The fire was extinguished at 6:40 am and firefighters said an area of about 300 square meters was damaged.
The flower baskets were sent in the name of President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission.