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The company's business revenue last year increased 36.92 percent year-on-year to 148.29 billion yuan, while total assets rose 17.87 percent to 215 billion yuan.

The company said the locals will be able to pick up and ride Mobikes around the city at any time with the innovative dockless scheme, by simply downloading the Mobike app, finding a nearby Mobike and scanning a QR code. To complete their ride, users only need to park the bike at any authorized bike parking area near their destination and manually close the lock on the bike.

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.

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The company will focus on investing in sensing technologies, including computer vision and radar - technologies that help machines make decisions, such as algorithms or chip-design capabilities. It is also interested in bankrolling makers of 3D printing machines, virtual reality, and service-rendering robots.

The company is keen to support sports activities such as marathon races in countries and regions participating in the Belt and Road Initiative this year. It announced that it has become the official partner of the 2018 Jakarta Asian Games in May.

The company's third-quarter results showed its Asia business delivered 12-percent revenue growth year-on-year, on top of 10 percent a year ago. Operating income increased 25 percent, with wholesale, franchisee and e-commerce each posting double-digit growth year-on-year. Most markets in the region grew. In China, Levi's sees the women's category growing faster than men's. It is excited by the opportunity to grow this under-penetrated category.

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The company’s petition for review, filed Tuesday, argues that the appeals court took an “unprecedented leap” when it found that Amazon was not shielded from liability for a replacement laptop battery that allegedly exploded several months after purchase, causing severe injuries to the plaintiff in the suit, Angela Bolger.

The company said the downgrading of the forecast could be attributed to a number of factors including a stronger US dollar and higher tariffs caused by the trade tensions between China and the United States.

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The company plans to use the net proceeds of this offering primarily for general corporate purposes, including investment in product development, sales and marketing activities, technology infrastructure, improvement of corporate facilities and other general and administrative matters, said its prospectus.

The company unveiled three new-generation hydraulic excavators during a construction machinery exhibition held in Beijing last month.