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The company has sought to avoid legal liability for counterfeit goods sold on its platform. In what became a landmark case, Amazon was sued in 2013 by Seattle-based novelty pillowcase maker Milo & Gabby over knock-offs sold by other companies on Amazon.com. Courts sided with Amazon’s argument that the sellers of the counterfeits were the ones who should be held liable.

The company closed stores in Leicester and Buckinghamshire last year, following a tough 2016 in which profits plunged 46 percent in the first half of the year.

The company has also recently signed a further framework agreement with CNPC covering various other areas of potential collaboration, including offshore opportunities and sour gas development projects.

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The coastal province of Zhejiang in East China－one of the regions expected to be hit head-on by Typhoon Hagupit, the fourth typhoon of the year－on Monday launched a Level II emergency response to thwart possible damages brought by the storm, which was expected to hit the mainland Monday night.

The company engages in intelligent sensor research and production. Its customers are in dozens of countries.

The company has more than 575,000 employees worldwide, including more than 40,000 at its Seattle headquarters, and is preparing to announce where it plans to locate its billion “HQ2” second headquarters, where it will ultimately employ up to 50,000 people.

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The company has also launched its first AI speaker, which offers two voices for children and elderly people. It has introduced voiceprint technology to allow child users to wake up the speaker, ensuring that the speaker will not offer harmful messages to children.

The company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 24,000,000 additional ADSs to cover over-allotments.

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The company expects to open about 95 percent of its stores in China by the end of second quarter of fiscal year 2020. [Photo provided to chinadaily.com.cn]

The company also unveiled a special protection plan for women passengers, who account for 50 percent of its "hitch" service's users. The "hitch" service allows a passenger to connect with a private car heading in the same direction and Didi said it has no plan to officially resume the service, which was suspended after the criminal incident.