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The company raised 0 million in its latest round of financing last year, with H. Capital, Sequoia Capital, Tiger Fund, Legend Capital, GGV and Xiang He Capital among investors.

The company will also support Sanya in cultivating international talent in finance and taxation, according to Deloitte China.

The company is also set to produce batteries in China with its partner Panasonic Corp, according to Reuters.

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The competition, aiming to provide a platform for China's young big data talent to show their professional competence, inspire them to explore the data analysis field with passion and get them ready for becoming data scientists in the future, has been held for five times since 2013.

The company said that in the future Didi plans to reach 80 percent of the global population and cover over 1,000 cities.

The company predicted it will ship 230 million to 250 million smartphones in 2019.

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The company hopes that the pricing changes will encourage its signed drivers to work more and guide more passengers to travel at off-peak hours to alleviate pressure during rush hours.

The company’s press release lays out a few details of what it’s looking for: metro areas with more than one million people; a “business-friendly” environment; a strong technical workforce; and “communities that think big and creatively when considering locations and real estate options.”

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The company plans to launch its first indigenous AI interference chip - AliNPU - in the second half of 2019, Chief Technology Officer Zhang Jianfeng told its annual cloud computing conference in Hangzhou.

The company made its debut on the Nasdaq last week, expecting to raise about 775 million U.S. dollars, the largest IPO (initial public offering) by a Chinese firm in the United States so far this year.