The company is building a second headquarters in Northern Virginia with plans to hire at least 25,000 workers over the next decade. Northern Virginia won Amazon’s HQ2 competition, a protracted search that indicated the company was potentially slowing growth in its hometown, where it was also engaged in a heated dispute with the Seattle City Council over a “head tax” on top-grossing businesses that ultimately failed.
The company's efforts are in line with the central government's call to turn China into a country of innovators and to reach the frontiers of science and technology.
The compensation mainly includes 400,000 yuan for the family's mental anguish, as well as 360,000 yuan for Yao's medical expenses, nutrition fees, lost work expenses and traffic fees, according to the court.
The company signed an agreement with Ali Cloud, a cloud computing service provider subsidiary to China's e-commerce giant Alibaba Group, involving its global strategy at the anniversary.
The company is taking the step to further reduce the cost of lithium-ion batteries and serve the fast-growing Chinese market for electric vehicle batteries and stationary lithium-ion batteries.
The completion of a 60-day trial in mining gas hydrates, commonly known as combustible ice, in the South China Sea, marked breakthroughs in the search for alternative clean energy sources.
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The company's net profit jumped to about 9.3 billion yuan (.3 billion) from 7.1 billion yuan in the same period last year, the company said in its preliminary earnings estimate report filed to the Shenzhen Stock Exchange.
The company said that the figure was mainly driven by robust revenue growth across all its segments, "in particular our China commerce retail revenue growth."
The company said it would raise 61.73 billion yuan in a private placement. Moreover, it plans to transfer 12.98 billion yuan of shares to a fund and issue 3.21 billion yuan worth of shares to core employees.
The company's silver and orange bikes can be picked up and parked without the use of a dock. Riders unlock a bike by scanning a QR code with the Mobike app, which is available on Android and the Apple Store.