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The company recently published figures showing Nestle Purina’s continued global growth and significant contributions to Nestle’s general performance.

The competition is also key for people-to-people exchanges, and it has brought so many together for the betterment of lives and people from Africa, Wang says.

The company now owns 25 production lines, which are all approved by drug regulators in countries like Australia, Japan and Ukraine.

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The company, formed in 2015 from the billion merger of Meituan and Dianping, is looking to benefit from the bull run in technology stocks.

The company said it plans to close about 30 percent of its 846 stores as part of its restructuring. Sales have been hit hard by state-imposed stay-at-home orders intended to curb the spread of the coronavirus.

The compensation amounts in civil disputes were also elevated to new heights, the white paper said.

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The company plans to use the net proceeds of its offering primarily for general corporate purposes, which may include investment in product development, sales and marketing activities, technology infrastructure, capital expenditure, improvement of corporate facilities, and other general administrative matters, said its prospectus.

The company operates 20 R&D centers in China, the United States and Sweden, among others, as well as more than 10 joint innovation centers with global operators.

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The company, based in Foshan, a manufacturing base in the heart of the Pearl River Delta region, along with some 25,000 domestic exporters, is optimistic of higher sales during the biannual China Import and Export Fair. Internationally known as the Canton Fair, the event is long regarded as the barometer of China's trade performance.

The company's mobile and wearable devices also intelligently collaborate with automobiles to bring new safe-driving technologies such as the collision avoidance system and driver fatigue care, He said.