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The company specifies the actual number of content producers with more than 20,000 Weibo followers, saying their tribe has increased by 37 percent year-on-year to 700,000 this year. The number of producers with over 500,000 followers reached nearly 50,000, up by 60 percent on the previous year. On average, netizens post more than 130 million messages and over 1.5 million videos on Weibo per day.

The competition is international, with Chinese companies firmly in the pack.

The company pointed GeekWire to a series of blog posts highlighting related work.

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The company's smoothie products, owned by Coca-Cola since 2013, have been available at leading convenience stores and supermarkets in Shanghai and other cities in East China since last month.

The company's gross profit margin increased by 0.7 percentage points to 56.8 percent, reaching a historical high. Adopting an "All-Staff Retail" system is how Anta group countered the impact from COVID-19 on its offline stores, with fast growth in online business, said the report.

The company plans to offer 7 million American Depositary Shares at a price range of to , according to its latest prospectus filed with the US Securities and Exchange Commission.

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The company's net profit increased 127 percent year-on-year in 2018, and is expected to grow at least 30 percent this year, he said.

The company seems to have gained from the burgeoning appetite for new economy companies in Hong Kong as it raised the second largest amount through an IPO in the city's history. It had planned to raise .1 billion from the IPO. China Literature saw its retail tranche oversubscribed 620 times after it closed for subscription on Tuesday. With this it has become the most popular IPO in Hong Kong after China Railway Construction Corporation, which raised HK5.4 billion in 2008.

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The company said that at the same time, its food business has been providing support for he sustainable development of China's agricultural sector.

The company’s stock is up 90% since March and was trading at around ,230 on Thursday before the market closed. Amazon’s market capitalization has risen to .6 trillion, right alongside Microsoft, which also beat earnings expectations this week. They trail Apple ( trillion) for the title of most valuable publicly-traded U.S. company.