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The company launched its shared bikes, an innovative solution to address consumers' short-distance travel demand, in April last year, and now has had daily riders of 20 million people.

The company raised about .1 billion and the deal valued the company at about billion, down from early estimates ranging as high as 0 billion before the price range was set. Uber plans to use money raised in the IPO as working capital.

The company is one of several big streaming services working on original content. Netflix has found success by releasing its original shows in a single batch of episodes for binge-viewing. No official word yet on whether Amazon will follow that model or dribble the episodes out on a more traditional schedule.

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The company said its success stories in the country are based on its understanding that a company cannot achieve sustainable development in overseas markets if it does not aspire for extensive and long-term localization.

The company officially launched its AI Labs in Beijing on Friday, marking its latest step in expanding its research into AI-driven innovation, attracting top AI experts and boosting the development of smart traffic technologies.

The company reported revenue of 17.6 billion yuan (.6 billion) in the first half of 2018, an increase of 54 percent year-on-year. Its net profit was between 320 and 350 million yuan in the first six months, a tenfold rise compared with the same period last year, according to the company's half-year financial report.

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The company is already carbon neutral today for its global corporate operations, and this new commitment means that by 2030, every Apple device sold will have net zero climate impact, the company said in a statement.

The company is exploring opportunities in fields ranging from car hailing and satellite launches as part of its efforts to seek an advantage in terms of mobility and autonomous driving.

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The company says it has transformed the sector with its strategy of going cheap and has played a big role in the government's efforts to implement the digital migration. According to a McKinsey report, the company has transformed television viewing from an occasional luxury to a daily routine for many Tanzanians, thereby capturing the growing middle class.

The company is also looking to introduce an omnichannel solution for supermarkets, through which an intelligent logistics system and a customized merchandise pickup mechanism will help physical retailers manage multichannel orders. According to Yang, such deployment can accelerate the entire delivery journey, with most items delivered in an hour.