The company says consumers who find locks have been tampered with can reject orders.
The company now has two overseas manufacturing plants in Thailand and Serbia, respectively.
The company’s?unusual announcement comes amid heightened scrutiny of U.S. corporate giants and domestic job growth and retention. President-elect Donald Trump made headlines for helping to convince?manufacturer Carrier to keep just about 1,000 jobs in the country.?Trump?also took credit for wireless carrier Sprint, owned by Softbank,?creating or preserving?5,000 jobs.
The compound annual growth rate of banks' IT spending is estimated at 10.2 percent from 2015 to 2010, he said.
The composite PMI covering both the manufacturing and non-manufacturing sectors improved to 54.5 this month, up from 54.1 in July, indicating a continued recovery of the Chinese economy.
The company, which put its valuation at billion, received a D-round financing of more than 0 million in 2016.
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The company said some 50 organizations have already joined the partnership, and the number is expected to exceed 100 by the end of this year.
The company said that it plans to carry out a small round of pre-initial public offering financing that will give ByteDance an 80 percent stake in TikTok Global, a newly established company following the proposed deal with US partners Walmart and Oracle.
The company is promoting its products in the domestic market but faces challenges such as production costs that are higher than its Chinese competitors-because of its higher quality standards-and a lack of brand recognition in China, he said.
The company, which many analysts predict will need to raise funds for its expansion, said it ended its first quarter with .2 billion in cash after paying off a 0 million convertible bond obligation in March.