The company's fiscal results showed its accounts receivable and long-term receivables reached 10.8 billion yuan, accounting for 66.9 percent of its total assets.
The company said it will pour more resources to expand its presence in the market for small and medium-sized enterprises, grow the local talent force and infrastructure, and nurture the next-generation ecosystem in China.
The company said it has been involved in the development of seven mobile applications that have more than 10 million monthly active users in Africa.
The company said plants in Mexico that build pickup trucks and transmissions have ground to a halt. GM laid off 6,000 workers at a plant in Silao. On Monday, GM said it was temporarily laying off a further 415 workers at a propulsion plant in the city of Ramos Arizpe.
The company said it will upgrade the research and development facility in Bangalore with a focus on creating intelligent and safe vehicles for Indian consumers while continuing to increase investment in local R&D, production, supply and sales, making India a base for exports to neighboring countries.
The company hopes to open the building material supermarket in March next year. So far, the project has so generated 300 direct jobs and 500 indirect ones. It stresses that it provides hi-tech, energy saving, environment friendly and high-quality buildings. Now it is producing precast building materials such as wall panels, staircases, lift shafts, foundation piles and hollow core slabs among others.
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The company said the series C financing will support its future growth and help consolidate its leading position in the industry.
The company’s CEO of Worldwide Consumer Jeff Wilke said at the 2017 GeekWire Summit that Amazon now has 50,000 people in Seattle — the same amount it could eventually hire at HQ2. Another 6,000 jobs are coming, and Amazon is gearing up to occupy 2 million more square feet of office space in its hometown.
The company said Qingcheng oilfield has been stepping up the drilling of wells since 2017. So far it has completed the drilling of 216 horizontal wells, among which 100 have been put into use, with daily crude oil production reaching 1,464 tons.
The company plans to open 80 stores in China this year.