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The company is also using technologies to reduce labor costs. More than 95 percent of its customer service is now delivered by robots. It is estimated that with artificial intelligence, the company will save more than 40 million yuan (.8 million) a year by using robots for debt collection, in a scenario where it collected debts of 100,000 individuals and businesses per day on average.

The company's revenue rose by 1 percent to 28.2 billion yuan (.2 billion) in the third quarter, which beat analysts' estimates of 27.5 billion yuan on average, according to IBES data from Refinitiv. Net income attributable to Baidu was 13.7 billion yuan.

The company receives about 600 orders a month, earning more than 120,000 yuan (,500).

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The competition's strong turnout comes at a time when Chinese venture capital funds are investing into pioneering technologies that have market potential in China.

The company is also planning to build 100 battery swap stations in the second half of 2020, in cities including Beijing and Xiamen in Fujian province, bringing its total to 300.

The company will replace the defective tires free of charge.

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The competition among online retailers will focus on logistics, supply chains and new technologies, Cao said, adding e-commerce players should expand their offline consumption offerings and apply more cutting-edge technologies.

The company will replace the defective fuel pumps free of charge.

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The company is currently in a three-year agreement with kiwi orchards in Shaanxi to develop better kiwi breeds; it's a long-term strategy to satisfy the expanding Chinese market, Brown told Xinhua.

The company is working on a new strategy to change its way of selling Alaska seafood only as a commodity in China, and instead wants to bring wild Alaska seafood directly to Chinese consumers via stores or markets to boost the presence of its own brand.