The company is launching in 33 zip codes in San Francisco?initially, which is the largest number of zip codes at launch in any market for the service at launch. Amazon says more will be added soon. At launch, 117 restaurants are participating in Prime Now delivery in San Francisco.
The company's cloud computing technologies and solutions, for instance, have been used to promote the digital transformation of the country's top manufacturers. This has helped traditional manufacturing firms detect malfunctions and manage equipment in real time.
The company's China marketplace, which has stocked products from Chinese as well as overseas merchants, struggled to gain a foothold in the country's fiercely competitive e-commerce market. Consumer insights firm iResearch Global said that Alibaba Group Holding Ltd's Tmall marketplace and JD.com held 81.9 percent of the Chinese market last year.
The company plans to issue no more than 53 million shares for 2.99 billion yuan (8 million), according to an updated prospectus HG Entertainment filed to the China Securities Regulatory Commission on Aug 11.
The company said the cost per fitness pod is around 10,000 yuan to 15,000 yuan, and the company can earn 60 yuan per machine per day. That means it can yield high rates of return, with break-even in six to eight months.
The company will finish drilling 255 horizontal wells by the end the year, forming an annual crude oil production capability of 1 million tons.
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The company said that the air-launched variant of LRASM, which was integrated onboard the US Air Force's B-1B long range bomber, had already achieved early operational capability (EOC).
The company said it is a significant milestone in driving the deployment of the technology at scale in the country.
The company, based in Guangzhou's Huadu district, produced 6,000 bags and suitcases in 12 days to meet the delivery.
The company now has over 80 workers who earn about 5,000 yuan each month, Zhao said.