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The company is reviewing its shareholding structures in China, also its largest market, as the country will play a different role as the global automotive industry is shifting to electrification and connectivity, said CEO Herbert Diess last week in Wolfsburg, Germany.

The company’s online viewership represents a major boost in audience for the show, which?accommodated 52,200 people in person. At Twitch’s peak, 16?times as many people tuned in at once than the show’s in-person attendance. Multiple news outlets and streaming providers were simultaneously providing live streams of many events, so capturing an audience of this size is impressive, especially as it fends off new competition.

The concentration pointed to a continued trend of more resources flowing to a small number of leading companies amid an industrial shake-up.

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The company’s backers include?Accel Partners, Atlas Venture, CRV, Founder Collective, Menlo Ventures, Sherpa Ventures and Techstars.?The deal is expected to close later this year.

The company signed a partnership contract with the Kenya PET Recycling Company (PETCO), a voluntary and independent not-for-profit organization established to regulate the management of post-consumer PET packaging in the country.

The company shipped items in four rail containers to Europe via Chongqing-Xinjiang-Europe railway last week. China post said it will continue to adopt this method to run the operation between China and Europe.

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The compilation of a civil code is also a necessity for improving the basic socialist economic system and promoting high-quality economic development, as well as for enhancing public well-being and protecting the fundamental interests of the people, he said.

The company was fined 30,000 yuan and it deleted pirated films and clips from its app, Xiong said.

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The company, whose clients includes US retailers such as Walmart and Costco, has so far seen 20 percent to 30 percent of its export orders either delayed or canceled by its clients overseas.

The company's projects in progress now range from real-time, location-based insurance coverage for individuals to blockchain-enabled funding methods and the Internet of Things.