The company will focus on investing in sensing technologies, including computer vision and radar - technologies that help machines make decisions, such as algorithms or chip-design capabilities. It is also interested in bankrolling makers of 3D printing machines, virtual reality, and service-rendering robots.
The company’s stock was trading at around 0 per share at 9 a.m. PT, which is approaching?the all-time high of 6 per share. Amazon has a market capitalization of around 0 billion.
The company said on Wednesday that by April 30, Xiang Hu Bao has registered 57 million users and helped 36 users get insurance payouts to cover their medical fees.
The company will also beef up its investments in industrial internet bases, innovation centers and industrial parks, fully leverage resources from top-tier experts and laboratories, and collaborate with top universities at home and abroad to establish research platforms while strengthening industrial research and talent cultivation.
The company overseas energy infrastructure investment now exceeds billion, and it has key energy assets in seven countries and regions.
The company said earlier that the new plant will produce robots that can be used in a wide range of sectors including food and beverage, chemical, communication and consumer electronics product manufacturing, logistics, automobile and service industries. It will also supply robots to global markets.
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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 company will build infrastructure across the capital to upgrade the broadband network from the current basic 300 Mbps to 1Gbps, the newspaper said.
The company said the new 88 internet brand will mainly focus on offering internet products such as email services, a knowledge platform, professional networking, recruitment products and business information products. It will seek to provide individual users with solutions that foster efficient communication and better social connections.
The company said it would further test off-airport bag-drop services starting from domestic flights, but there are many limitations for international flights.