The company disclosed the?completion?of the deal in a (very) brief regulatory filing.
The cold air, which penetrated into the country on Tuesday, had affected southern parts of the country by Wednesday. More cold air, however, will arrive on Thursday and Friday, worsening the situation, it said.
The company has narrowed the candidates to three applicants (a research institute, a tech company and a professional robot maker) for the final competition. Each now has three months to produce a robot that meets two criteria: Increase productivity by at least 50 percent, and at a cost that can be covered within three years by the profits from new sales.
The company generates most of its revenues from application development services, which represented 89.5 percent and 90.4 percent of its total revenue in fiscal years 2017 and 2016, respectively, said the company.
The company also operates a number of shops and points of sale in new emerging markets such as Vietnam and Nepal through local dealerships.
The commission is now working on a third tranche of mixed-ownership reform pilot projects for SOEs.
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The companies are Shanghai Yongguan Adhesive Products Co Ltd, and Qingdao Rural Commercial Bank, according to the China Securities Regulatory Commission (CSRC).
The collaboration is aimed at combining the massive and high quality content generated from the Mafengwo with travel products and services offered on the platforms of Tongcheng-Elong to create a seamless travel experience, said Ma Heping, CEO of Tongcheng-Elong.
The company also will be using MyHabit to experiment in other ways — promising “fast, free shipping,” in addition to “upscale photography and 360-degree video of the clothing on live models.” The news release cites Doo.Ri, Elizabeth and James, Halston and Vera Wang as examples of the brands to be sold through the site.
The combined impacts of exchange rate translation and asset price changes have led to changes in China's foreign exchange reserves, said SAFE spokeswoman and chief economist Wang Chunying.