The company reported revenue of 17.4 billion yuan (.8 billion) and a net loss of 3.74 billion yuan in 2017.
The company, with Zhu Xiaotong, Tesla's global vice-president and head of Tesla China, as legal representative, was registered in Lingang New Area of China (Shanghai) Pilot Free Trade Zone, where the Tesla "Gigafactory" is located.
The concept behind the Greater Bay Area also provided the inspiration for Chan's business. While working on a project related to the construction of the Hong Kong-Zhuhai-Macao Bridge, Chan saw the potential for greater cooperation and wanted to build a bridge of his own: a platform to connect Chinese mainland engineers and their Hong Kong, Macao and overseas counterparts.
The company said it has launched a car-hailing service in Russia earlier this week, marking the first European market in its global road map as it looks to outpace rivals such as Uber Technologies Co. The services will initially be available in southwestern Kazan, the capital and largest city of the Russian Republic of Tatarstan, home to the country's largest IT park.
The company’s underwriters include a who’s who list: Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley and Citi.
The company this morning announced its own virtual currency called Amazon Coins — jumping into the world of online credits by giving its customers a new way to buy apps, games and in-app items starting with its Kindle Fire tablet. The company says it will give consumers “tens of millions of dollars’ worth” of free Amazon Coins when it launches the virtual currency in May.
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The company, based in Foshan, a manufacturing base in the heart of the Pearl River Delta region, along with some 25,000 domestic exporters, is optimistic of higher sales during the biannual China Import and Export Fair. Internationally known as the Canton Fair, the event is long regarded as the barometer of China's trade performance.
The company's statement came after anti-graft watchdog groups in Hefei, Anhui province, announced in a WeChat post that authorities in neighboring Chaohu had obtained deleted WeChat conversations from a user of the chat platform.
The competition is described as the premier showcase for opera and concert singers on the brink of major international careers.
The company said when the seven phases are all put into operation, the industrial base in Datong, together with the company's hyperscale data zones in Beijing and Hebei, will form an integrated data aggregation. The aggregation will effectively meet the digital demands from Beijing and Tianjin as well as the Xiong'an New Area in Hebei province.