The company's controlling company is Nasdaq-listed YY, a leading domestic live streaming social media platform. Huya sealed deals for strategic financing from Tencent in early March.
The company, a wholly owned subsidiary of State Grid Corp of China, is responsible for planning, construction, operations management, electricity sales and power supply services in Beijing. The white paper proposes policies, procedures and reform initiatives related to gaining access to electricity supply in China's capital, aiming to optimize the city's business environment.
The complexity of international geopolitics brings challenges to Chinese companies who want to go abroad. Chinese enterprises are projected to meet stricter censorship in overseas listings in the future, said Mei Yan, senior partner and chair of Brunswick Group China.
The company pays attention to localization in China. It partners with the local governments and works with manufacturers in their geographies to localize its solutions at their plants.
The company said five weeks ago, more than 15,000 taxi drivers and over 15,000 other drivers chose to join the application, who would be able to start generating income independently and safely Tuesday.
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.
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The company, located in Kunming, the capital of Southwest China's Yunnan province, however, ran into trouble over the past several years because sales of heavy mechanical products plummeted, leaving several workshops idle.
The company opened its second nursing center in Changsha, Hunan province, at the end of last year, after launching the first center in Nanjing, Jiangsu province, in 2016.
The company was founded in 1997 as a joint venture between Fanuc and Shanghai Electric Group Company Ltd.
The company said it seized opportunities to capture the demand of users who had to resume work and made business travel in late February and March.