The company posted record revenue and profit, despite spending billions on COVID-19-related initiatives and hiring hundreds of thousands of workers. Amazon incurred another .5 billion in costs related to COVID-19 in the third quarter — 0 million more than expected — after reporting billion of costs in the second quarter.
The company's Drone Soar app delivers never-before-seen augmented reality experiences for DJI drone users. This functionality allows pilots to simultaneously see crucial telemetry data, augmented flight tools, and real-time video feeds while remaining within line-of-site of their drone.
The company went public in Hong Kong in late 2014. Its board approved its mainland IPO plan in February 2018, followed by approval from the Chinese regulators in July.
The competition was live streamed on cloud platforms supported by local cultural administrations, and total views are expected to reach 10 million.
The company said its software will also be open-source. That includes software like server operating systems, databases and AI development frameworks. The move will help partners develop better commercial software more easily.
The company will replace the defective ignition locks free of charge.
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The company said it would use the capital to set up three new eye hospitals in the country and seek to possibly acquire three existing eye hospitals there.
The company, which relocated its Asia-Pacific headquarters to Shanghai, is looking to triple the number of employees in China to around 2,000 over the next five to 10 years, according to Sylvain Laurent, executive vice-president of Dassault.
The company will also recall 25 imported AMG GT automobiles manufactured between March 28, 2017 and July 28, 2017 due to faulty seatbelts.
The company plans to list on the Nasdaq stock market under the symbol DADA. However, no pricing terms were disclosed. Goldman Sachs (Asia), BofA Securities, and Jefferies are the joint underwriters on the deal.