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The company, which is an affiliate of China's agricultural conglomerate New Hope Group, raked in about 74.79 billion yuan during the period, an increase of 31.4 percent year-on-year.

The company hopes to complete two acquisitions in the North American market in the second half of this year.

The company produces about one-third of the world's cashmere and reported that sales revenues declined 15 percent between 2012 and 2015.

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The company said sales on JD Super-its online supermarket-increased 500 percent in the first 10 minutes on June 18, compared with the same period last year, with more than 2,000 brands seeing their transaction volume jump 100 percent year-on-year.

The company underlined its e-commerce business. Its products now cover major online retail websites in Italy, the United Kingdom and France.

The company is the largest online provider of small cash credit products in China in terms of the number of active borrowers and the amount of transactions in the six months ended June 30, 2017, according to the Oliver Wyman Report.

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The company promised to replace the defective rear-view mirrors free of charge.

The company logo of ICBC is seen at Xuchang, Henan province. [Geng Guoqing/Asianewsphoto]

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The company, trading under the ticker symbol of NIO, announced the pricing of its IPO of 160,000,000 American depository shares (ADSs), at .26 per ADS for a total offering size of approximately billion, assuming the underwriters do not exercise their option to purchase additional ADSs.

The company is also expanding beyond Seattle with a big new lease across the lake in?Bellevue, Wash.