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The company reported net income of .9 billion in the second quarter, an increase of 31.2 percent year-on-year, although it has reported only one profitable quarter since going public in May 2014. JD posted a 4 million loss in its last quarter.

The company said its sales hit .4 billion for the fourth quarter of 2018, an increase of 1.0 percent compared to the fourth quarter of 2017.

The company says developers will be able use Login with Amazon in conjunction its systems for online payments and product ads.

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The company’s website says that “with our cross-border expertise in China and South East Asian markets, FUTS is developing relationships to support the execution of our business plan. China’s industry and investors are always looking at new ways to tap into the capital markets, and FUTS remains steadfast in our dedication towards helping to facilitate this process.”

The company's name incorporates the phrase bangbang jun－army of porters.

The company’s mission is not Gupta’s exact area of expertise.

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The competition among securities firms in terms of the underwriting and sponsoring business has thus intensified. Beijing-based China International Capital Corp has so far been responsible for the sponsoring and underwriting of 14 STAR Market-listed companies, outperforming all its peers. China Securities and CITIC Securities followed, handling 11 and nine STAR Market-listed companies' sponsorships and underwriting, respectively.

The company is actively cooperating with counterparts from countries and regions participating in the Belt and Road Initiative through using low-cost oil and gas resources in the Middle East, expanding overseas raw materials and markets for products, as well as outputting advanced manufacturing capacity.

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The company's dockless bicycles are now on the streets of Suwon, Gyeonggi province, making it the 14th overseas city to have the bike-sharing brand, according to a Mobike press release.

The company said it continues to hold the leading advantage in the new energy vehicles market. In the first half of this year, the company sold 54,000 new energy vehicles, surging 78.5 percent year-on-year, and the market share ranked at the top spot in China and third in the world.