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The company said its sales hit .4 billion for the fourth quarter of 2018, an increase of 1.0 percent compared to the fourth quarter of 2017.

The company said it expected to spend about billion in the second quarter on COVID-19 initiatives, including safety precautions and compensation for workers on the front lines. Last week, Amazon announced it would pay 0 million worth of one-time bonuses to warehouse and delivery workers after sunsetting temporary hazard pay the company was providing during the beginning of the pandemic. Amazon says it has made more than 150 process changes to protect workers, including temperature screenings and sanitization.

The company will open operations in key cities and regions in 2018, with China projected to be the largest tourist source country for Airbnb by 2020.

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The company named Farley, 58, as its new CEO effective from Oct 1, replacing Jim Hackett, who will retire after three years at the helm. Farley, who has been with Ford for more than a decade, has been chief operating officer since February.

The company reported its net income amounted to 122.3 billion yuan (.9 billion) in the second quarter of the year, an increase of 31.2 percent year-on-year, while its net profits dropped to 478.1 million yuan, down 51.04 percent compared with same period last year.

The company's performance started to rebound in recent years after its sales hit a low point due to problems found in its services and some products. It sold a record 291,000 Jiefang trucks in 2017.

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The company plans to build five 3A, two 4A and one 5A green and smart model communities before 2019, aiming to build 100 green and smart communities before 2023, according to Lan Feng, operations director of ChangCheng Property.

The company's gains in the region came from growing sales and market share in China, especially of its SUVs and Lincoln luxury models. The automaker said it expected profits to continue to grow in the region this year.

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The company said it will have an electric vehicle lineup of 23 models by 2025, and has a global sales target of 560,000 vehicles by the same year.

The company will sponsor Jiangsu Suning Football Club from 2019 to 2021, with the Samsung logo appearing on the players' shirts in all matches during the next three seasons.