The competing momentum is in line with the growing popularity of short video platforms, which are "set to have the biggest growth potential across all media forms in the coming two years", said Liu Yuan, an analyst on China internet research at UBS Securities.
The company plans to raise up to .8 billion. The joint underwriters include Morgan Stanley, Goldman Sachs, J.P. Morgan, Bank of America Merrill Lynch, Deutsche Bank Securities, Citigroup, Credit Suisse, UBS Investment Bank and Wolfe Capital Markets and Advisory.
The completion of the field test of the alert system on the Datong-Xi'an high-speed railway in August marks the quake alert system's shift from the research and development stage to actual use, the administration said.
The company said that one of its fast-growing businesses comes from autonomous financial crime management, where it helps financial services organizations combine data, analytics and automation to improve detection, improve operational efficiencies and reduce costs.
The company said its representatives met with Rui Pedro Oliveira, a Portuguese citizen who accused Huawei of stealing his smartphone-camera patents, in 2014 at his request, but the company did not use his design in smartphone cameras.
The company suggested that staying the modern luxury choice for customers that appreciate everything a Mercedes is about is equally as important as pushing ahead in the new technologies to compete against new players.
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The company is also doing better than before in its primary business of producing coal washing equipment, Zhao said.
The compound is extracted from the roots of thunder god vine, a toxic herb used in traditional Chinese medicine for centuries to cure arthritis and autoimmune diseases. In TCM, however, it is used in tiny amounts, mainly to treat severe diseases, because of its potentially dangerous side effects.
The company sales grew 300 percent year-on-year from January to June. Its sales volume reached 210 million yuan ( million) after it produced more than 20,000 sets of medical equipment in the first six months of the year. It played a big role in helping prevent and control the spread of COVID-19 on the Chinese mainland and helping secure renewed production and social order in the post-pandemic period, the statement said.
The company said it has received an order for 12 container vessels from Malaysian and German shipowners, two of which will be delivered by the end of this year.