The company headed by Elon Musk this month posted a smaller-than-expected fall in car deliveries in the second quarter, resilient results despite the pandemic that hit the global auto industry.
The company's net revenue increased by 44.6 percent to exceed 3.77 billion yuan (0.2 million) in Q2, according to its unaudited financial report released Tuesday.
The company is also starting to tout the application ecosystem on Kindle Fire, announcing earlier this week that Netflix, Rhapsody, Pandora, Twitter, Facebook, Plants vs. Zombies and others will be available. And it just announced that the 9 device will be available in?16,000 stores across the U.S. — including Best Buy and Target — starting on Nov. 15.
The company is the largest online provider of small cash credit products in China in terms of the number of active borrowers and the amount of transactions in the six months ended June 30, 2017, according to the Oliver Wyman Report.
The company will sell an 18 percent stake to Unisplendour Technology Venture Capital Ltd, 18 percent to Oriente Grande Investment Fund LP and 13 percent to Vivid Victory Developments Ltd, according to an announcement issued by TCL on Monday night.
The company's herbal beverage, Wanglaoji, a product integrating TCM with modern innovation and technology, has been sold in more than 6 million stores in over 60 countries and regions.
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The company registered in January for this year's event in spite of the pandemic, said Kamran Vossoughi, president and CEO of Michelin Greater China.
The company was brought to court by the Guangdong provincial consumer watchdog last December over accounting irregularities and delays in refunding users’ deposits, after the latter received 2,952 complaints about deposit refunds.
The company produces high-performance silicon wafers with half of the production cost. Its advanced manufacturing technology reduces the cost of the wafer by half, requires just a third of the energy and eliminates production steps, time, and wasted material while producing a high performance wafer.
The company's capital expenditure reached about 16.90 billion yuan for the first quarter of 2020, up 20.1 percent year-over-year, as a result of the increased workloads.