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Its sales revenue hit 182.2 billion yuan (.7 billion) from January to March, with net profit rate standing at 7.3 percent.

Its population reached a peak in 2013 at 9.952 million, followed by a decline for two consecutive years. It saw a slight increase in 2016, but continued to drop in the years of 2017 and 2018.

JD, another major e-commerce company, said last week it plans to access more than 500 million consumers in lower-tier cities and sell about 1.2 billion products at a lower price and 200 million customized products during this year's shopping bonanza.

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Its revenue rose 17.16 percent to 415.38 billion yuan, the Shenzhen-based company said in its financial report for 2018 filed to the Shanghai Stock Exchange.

JD announced its initial plan to invest 537 million yuan to buy a 33.3 percent stake in Allianz China in April.

Its trade with countries along the Belt and Road totaled 629.94 billion yuan, marking an increase of 3.9 percent.

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Italy announced 4,204 new cases of the novel coronavirus, along with 610 deaths. Both numbers were below peak, but increases from earlier this week, suggesting a slow decline of the outbreak in the hard-hit nation.

Its association with the world's largest soccer event will help diversify Vivo's sales in the overseas market and boost its brand presence globally, Xu said.

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It’s the latest in a series of similar battles around the country, as states grapple with budget shortfalls.Most recently, Amazon?cut ties with affiliates in Connecticut and?Arkansas.??California’s population makes the stakes there even higher.

Its balance of wealth management products exceeded 3 trillion yuan as at the end of 2017, up 11.4 percent from the previous year, and the income from asset management business increased by 8.6 percent.