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The company's pyramid activities had seriously disrupted the social and economic order, and Zhang's instigation behind the protests constitutes the crime of organizing people to disturb order at public places, according to the verdict.

The company is increasing its penetration of lower-tier cites in China and has introduced a number of value-added products and services.

The company plans to convert 219.2 million preferred shares to Class A shares prior to closing the deal. That could eventually drive down the value of shares offered in the IPO.

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The company saw its 4G users reach 594 million by the end of June, up 58.6 million from six months earlier.

The company said, by the end of 2023, the staff in Audi China's research centers will rise to 650 from the current 280. The R&D teams will focus on areas such as automatic driving, digitalization and new energy vehicles.

The company will introduce more strategic investors, sell the stock equity of branches with high leverage and purchase assets with low leverage, in a bid to decrease asset-liability ratio, said Zhuo Yiqun, chairman of the company, on Thursday.

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The company's plan comes as the gaming industry in China has been delivering robust growth. According to data from iResearch, mobile's contribution to China's total online gaming market climbed to 62.1 percent in 2017 from only 13.1 percent in 2012. Research foresees mobile gaming's share will exceed 70 percent by 2020.

The company will also cooperate with Shenzhen Deep Dive Education Co Ltd, which will organize training classes for entrepreneurs working at UR Work to improve their social, language and physical skills on the way to going global.

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The company’s hot food game, though, could use a little work.

The company provides the materials for four mask factories in Zhejiang, and up to three vans come to fetch the goods each day, said Li Changwen.