The cost of a review of the utility's operations, to be paid by ratepayers, has soared to $554,025, more than $140,000 more than the original contract price.

The 1/1 licensing model means that Emblème is unique to one brand, making it kind of like the NFT of the typography world.

Liu Min, deputy director of the Shanghai Municipal Commission of Commerce, said that more precise and effective policies will be rolled out to boost service consumption and new types of consumption.