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The company reported net loss of 327 million yuan ( million) in the first quarter of 2019, compared to net income of 6.7 billion yuan in the same period of last year, while its revenues reached 24.1 billion yuan, up 21 percent year-on-year.

The company said it is leasing 176,000 square feet?across multiple floors of the Russell Investments Center,?best known as the home of Seattle real estate company Zillow. In addition, Oracle is adding another 10,000 square feet of office space at the Century Square building, where its office is located today.

The company’s press release lays out a few details of what it’s looking for: metro areas with more than one million people; a “business-friendly” environment; a strong technical workforce; and “communities that think big and creatively when considering locations and real estate options.”

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The company will accelerate the launch of many innovative drugs into China by 2025. In addition to diabetes, drugs to introduce will cover more disease areas, including obesity, hemophilia, and other chronic diseases.

The company will complete mixed ownership reform by the end of this year, according to an earlier report. At that time, the wholly State-owned machinery giant will be transformed into a diversified firm that is dominated by State-owned capital and engaged with private investment, the report said.

The company's global expansion will continue this year, with focus on the European and Latin America markets, Lei said.

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The company will also contemplate other steps to promote Chinese railway industry's going-global efforts by promoting freight service between China and Eurasia and pushing overseas railway construction. Steps have already been taken to further promote the China Railway Express, a freight service between China and Eurasia, this year, Lu said.

The company specializes in quantum communication equipment and services or the transfer of sensitive information in a secure environment.

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The company's road to IPO was marred by several hurdles including increased regulation in several countries and fights with its drivers over wages.

The company said the outbreak will have a limited impact on its operations and production. It is now effecting gradual resumption of work at its plants nationwide.