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Xiong's words came as the company said it is investing 3 billion yuan (8 million) in building a 3.9-square-kilometer education town, which is expected to unite a total of 150,000 talented individuals with high-quality resources in sectors including education, technology and finance over the next three years.

Xiaomi reported a 7 billion yuan (.08 billion) net loss on 34.4 billion yuan revenue in the first three months of this year. Excluding one-time items, the firm said it made a profit of 1.04 billion yuan.

Xu has been an officer with the China Immigration Inspection office at the port－which links Heihe and Blagoveshchensk in Russia－since 2003, and he's seen how technology has been updated to make border inspections more efficient.

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Xing said VR could eventually pack in even useful shopping information and advertisements, which could generate additional revenue.

Xi, who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks in a letter in reply to the ICCIC and Beijing Bailie University.

Xpeng said Thursday that it sold more than 99.7 million shares for each in its Wall Street debut, raising about .5 billion. It had originally planned to sell 85 million shares priced between and .

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Xiamen was already a popular travel destination, but the ninth BRICS summit held in early September further increased the city's appeal to tourists.

Xu Liping, a researcher of Southeast Asian studies at the Chinese Academy of Social Sciences, said due to limited funds and technology, Manila had hired European companies to explore resources in the South China Sea, and the companies took most of the profits.

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Xi, who is also general secretary of the Central Committee of the Communist Party of China, made the remark while meeting with his Laotian counterpart Bounnhang Vorachit at the Great Hall of the People in Beijing on Wednesday.

Xpeng's listing last week marked the latest Chinese electric startup's effort to raise capital in the United States, following Li Auto last month and Nio in September 2018.