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The concept demonstrates a raft of futuristic technologies that Volkswagen expects to begin showing up in their brands' cars in the future and represents a connected world in which people move through life more easily.

The company's solutions based on blockchain tech can effectively deal with challenges facing IoT, such as massive data storage, high concurrency and high transaction costs, said Tao, also the deputy director of the Huaxia Industrial Economy Research Institute.

The company predicts its NEV sales volume to increase by more than 200 percent in the first quarter of 2018.

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The company said it aims to enmesh more educational content with other brands such as Fisher-Price and Thomas & Friends, which are popular in China.

The company's blowout success made its founder and CEO, Jeff Bezos, No. 1 on Forbes' billionaires list this year.

The company's third generation mobile application, which was launched in May, currently has online oil storage services, and allows oil charges offline, according to Li.

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The company said that will give 450 workers back their jobs and potentially as many as 900 with future expansion. That would equal the number of jobs lost when the plant shut down two years ago and filed for bankruptcy protection under pressure from rapidly expanding Chinese aluminum imports.

The company's shares opened at 95 yuan (.57) when they started trading on the technology-focused STAR Market, up 245 percent from its initial public offering price of 27.46 yuan. SMIC shares closed the day at 82.92 yuan.

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The company will implement arrangements made by the State Council to standardize charging procedures and enhance the quality of service, making rail freight more convenient and efficient, an official with China Railway said.

The company hasn’t yet announced the new offering?and didn’t respond to questions about how it will work. But signs?inside the company’s new Kirkland, Wash., facility indicate Amazon Flex?will be a?new way for the company to distribute?packages, possibly letting customers pick up items from the Prime Now?center themselves.