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The company will be led by surgeon and Harvard Medical School professor Dr. Atul Gawande and will be headquartered in Boston, an unsurprising choice given the city’s expertise in medicine and biotechnology. None of the three founding companies are headquartered in the Boston area, which gives the city the advantage of being neutral ground.

The company holds a 55 percent share of the market for imported medical radiation devices in China, and accounts for 45 percent of the country's radiation devices market, Hausmann said.

The company reported losses of more than 2 billion yuan in both 2014 and 2015, and shook off losses in 2016 with a net profit of 37 million yuan.

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The company was launched to enable Chinese clients to easily trade overseas stocks on foreign exchanges, especially in the US, according to CEO Tianhua Wu.

The company submitted its application on Oct 22. Industry experts estimated that the financing of the Beijing-Shanghai high-speed rail line operator will exceed 35 billion yuan ( billion), making it one of the largest IPOs in years.

The company said it is logging out all Quora users who may have been affected to prevent further damage.

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The company was the subject of investigations in the United States, France and the United Kingdom, and on Tuesday it agreed terms with prosecutors in the UK for what is known as a deferred prosecution agreement, allowing it to avoid formal charges.

The company took 80 measures to reduce the vehicle's weight by 1.8 metric tons to 33 tons, which was a major reason for the Chinese train maker to win the deal instead of US companies.

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The company is finishing the development of its prototypes in Shenzhen now, said Jonathan Hua, Thrive program manager.

The competing momentum is in line with the growing popularity of short video platforms, which are "set to have the biggest growth potential across all media forms in the coming two years", said Liu Yuan, an analyst on China internet research at UBS Securities.