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The company’s cloud arm, AWS, and virtual assistant, Alexa, are also high-growth businesses that Amazon is prioritizing. Amazon Prime has long been one of the company’s core offerings. The membership program has grown to more than 100 million subscribers. Under Lindsey’s leadership, Amazon will continue to expand its one-day and same-day delivery services.

The company worked with local governments to set up new service centers in the counties, which have lowered logistics costs for the products and added a price advantage, said Ye Feng, vice-president of YTO Express.

The company will add another direct flight between the two cities every Sunday starting June 3.

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The company is expanding its R&D operations to focus on vehicle integration and product development.

The company is preparing to start its pre-IPO financing in Q2 2018, and plans to go public in the US within the next year, according to CEO Bar El.

The company's latest move includes the opening of an AI and internet of things lab in May 2019, the third and largest of its kind in the world. The first batch of 30 clients stand to benefit from turning prototyping into products by leveraging Microsoft's AI and IoT solutions, said Lin Miaojing, project director of the Microsoft AI and IoT lab.

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The company said that China's enterprises need to further develop communications and cooperation with foreign companies, especially those in the high-end shipbuilding and upstream sectors.

The company, which has since resumed its service in the town, has not disclosed how many bikes were stolen or damaged, though there are anecdotal reports that more than a third of the fleet was vandalized in the first 10 days of operation.

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The company said net revenue for the third quarter of 2019 rose 10 percent year-on-year to 19.6 billion yuan, compared with 17.8 billion yuan for the same period a year ago. Its net profit stood at 1.2 billion yuan, an increase of 140.2 percent year-on-year from 500.8 million yuan in the same period a year earlier.

The company is observing and studying the evolvement of China-US trade frictions and China's monetary policy responses.