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The company made the statement on Tuesday during the global launch of the Honor 20 smartphones in London.

The company said it also faces many restrictions when developing overseas markets. It needs to consider market growth potential, cultural differences, and laws and regulations.

The competition, launched in July this year, saw more than 4,000 information technology students register at the preliminary stages from 40 universities across the country. Of these, 600 were selected for training after a competitive selection process, after which the top 100 then underwent further coaching at a boot camp session before sitting for the nationwide exams.

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The company's board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size.

The company's financial statement shows its monthly operating expenses were over 400 million yuan, but last December the firm's revenue was only 110 million.

The company monetizes its vast and proprietary content library through online paid reading and content adaptations for a variety of entertainment formats. Its diverse and high-quality content library is a significant competitive advantage that lies at the core of its business model, according to Wu.

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The company, Aviation Security Co (Avseco), is a nonprofit private organization jointly owned by the Hong Kong government and the Hong Kong Airport Authority - the statutory body responsible for the operations of the airport.

The company says Alexa uses “multi-sensory artificial intelligence,” including audio and visual cues to determine whether the request or comment is directed at Alexa or another person in the room.

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The company said its net profit attributable to shareholders of the listed company reached 1.67 billion yuan (8 million) last year.

The company said it will supply the McDonald's fast food chain and other companies in Britain that want to ditch plastic straws because of environmental concerns.