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The company plans to expand the school network, invest heavily in academic programs and deliver more innovations such as the Double Wing 1:1 and group online hybrid learning system, which combines the best of in-classroom and online learning.

The company's 1,318-kilometer railway line between Beijing and Shanghai, which started operations in 2011, is the world's longest high-speed railway line constructed in a single phase with highest quality standards, and covers 66 counties of seven provinces and municipalities in two of China's most densely-populated and busy economic areas－Beijing-Tianjin-Hebei and Yangtze River Delta regions.

The company will issue over 480 million shares globally, with 456 million shares for international investors according to the latest prospectus.

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The company plans to attract 70 million 5G subscribers, and sell 100 million self-brand and third-party 5G smartphones next year.

The company will also continue to invest in its Chinese social media accounts on WeChat and Weibo, two of the most popular platforms on the Chinese mainland.

The company initiated the China Marine Equipment Inspection and Testing Alliance, which was launched on Monday. "The alliance aims to integrate different market players including manufacturers, researchers, testers, clients as well as lenders to collaborate in solving major technical problems and improve quality management in the marine equipment sector," said Wang.

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The company launched construction of its first-ever smart integrated manufacturing industrial park in India in December, which is scheduled to commence production in the fourth quarter of this year.

The competition between Netflix, the top dog in the streaming industry, and Amazon has been heating up recently. Amazon is preparing for a global expansion to rival Netflix’s worldwide footprint, which grew to 190 countries earlier this year.?In the company’s quarterly letter to shareholders, Netflix?acknowledged that Amazon?is becoming a global force in the streaming market though?research data shows Netflix is still way ahead.

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The company logo of Ping An Insurance is seen in Beijing, China, August 27, 2020. [Photo/Agencies]

The company started its overseas expansion quite early. It has become the world's fastest-growing short video app since it entered the overseas market last August, with its overseas edition Tik Tok having been launched in more than 150 countries and regions and taking the top spot in over 40 countries, data from mobile analytics company App Annie showed.