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The company, trading under the ticker symbol of "XYF", announced its initial public offering of 11,000,000 American depositary shares (ADSs), each representing two Class A ordinary shares, at a price to the public of .5 per ADS for a total offering size of approximately 104.5 million dollars, assuming the underwriters do not exercise their option to purchase additional ADSs.

The company's overseas project has been listed among 82 provincial key projects along the Belt and Road, according to the development and reform commission in Hunan province.

The company said at a launch event in Zurich that it will partner with Swisscom AG, a major telecommunications provider in Switzerland, to bring its first commercially available 5G device to the country.

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The company's Ping An Cloud platform has been serving Ping An Group's internal subsidiaries across five ecosystems - finance, healthcare, smart cities, real estate and automobiles - since its launch in 2013.

The company reported revenue of .6 billion in 2018, up 14 percent from a year earlier. Levi's has been expanding overseas, and said it makes close to half its sales in Europe and Asia. It believes it has a huge growth opportunity in China, which accounts for 20 percent of the global apparel market but only 3 percent of Levi's revenue.

The company is reviewing its shareholding structures in China, also its largest market, as the country will play a different role as the global automotive industry is shifting to electrification and connectivity, said CEO Herbert Diess last week in Wolfsburg, Germany.

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The company plans to operate with blocked seating to limit capacity and maintain social distancing at its theaters.

The company only has such arrangements with governments of Britain, Canada, and Germany, said Catherine Chen, Huawei's board member and senior vice president, at a media roundtable in Brussels.

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The company will open operations in key cities and regions in 2018, with China projected to be the largest tourist source country for Airbnb by 2020.

The company’s cloud business is giving new hope to investors. The stock is up nearly 50% over the past two years. Even Goldman Sachs admitted they were wrong.