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The company's goal, according to projections obtained by the Wall Street Journal, is to have subscribed over 40 million customers by 2025, which would amount to nearly billionin total revenue.

The company's free videos on pet training on social media accounts also saw a sharp increase in viewership.

The company's products are used in over 9,000 medical institutions in over 110 countries, with its total installed capacity exceeding 30,000 units, Wu said.

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The company said ride volume is increasing after plunging in mid-April amid the coronavirus lockdown, but bookings nevertheless declined five percent from a year ago.

The company refused to comment on details of the price increases.

The company, trading under the ticker symbol of "EBON," announced the pricing of its initial public offering of about 19.3 million shares at .23 apiece for the total offering size of approximately 1 million, assuming the underwriters do not exercise their over-allotment option to purchase additional shares.

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The company is situated in the suburb area of the county. It not only purchases yak milk from poor villagers, it also helps them buy yaks with the yaks as collateral.

The company said that it plans to issue no more than 4.599 billion shares in an initial public offering, accounting for 9.78 percent of its equity base. H-share equities would account for 18.56 percent of its equity base, and the remaining 71.66 percent would be shares issued by domestic companies.

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The company pledged to be carbon neutral by 2040, a decade ahead of the deadline set by the Paris Accord. Amazon plans to use 80 percent renewable energy by 2030. The company is investing heavily in renewable energy sources, like wind power.

The company wants to create 20 smokeless cities during the 13th Five-Year Plan period (2016-20), covering 100 million sq m.