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The company's Kingdee Cloud Cosmic, a platform which focuses on providing cloud services to large enterprises, has been offering over 20 types of cloud services and more than 100 enterprise-based applications since its launch in 2018.

The company, along with two joint ventures - SAIC Volkswagen and FAW-Volkswagen - delivered 1.01 million automobiles to the Chinese mainland and Hong Kong in the first three months, up 13.4 percent year-on-year.

The company said it chose France because it is one of the world's most advanced manufacturing centers, has mature industrial infrastructure and a highly educated labor pool, and its geographic positioning is ideal for Huawei.

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The competing momentum is in line with the growing popularity of short video platforms, which are "set to have the biggest growth potential across all media forms in the coming two years", said Liu Yuan, an analyst on China internet research at UBS Securities.

The company, which is headquartered in Xi'an, Shaanxi province, plans to expand its operations in Malaysia with the construction of a plant to manufacture monocrystalline cells.

The completion of Dongming Tunnel, the longest high-speed railway tunnel in east China, laid a solid foundation for the Hangzhou-Shaoxing-Taizhou high-speed railway to be completed and put into service in 2021, the CRCC said.

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The company, with a registered capital of 1.2 billion yuan, adopted a physical store and online marketing to take public deposits. From October 2013, the company opened over 1,000 physical stores across the nation and trained its employees to sell financial products through advertising and telemarketing with the promise of high interest. In 2015, the company opened online financing platforms to raise money.

The company said on its website that 99.9 percent of Walmart China employees are Chinese nationals and all of its China store managers are Chinese.

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The company’s international division, which typically loses money, posted 5 million in operating income on billion in sales, vs. a loss of 1 million on billion in sales a year ago.

The company now focuses on three areas: nutrition and health, climate and energy, and resources and circularity. These areas are all very relevant for the China market.