The company said the number of users increased 9 percent to 166 million for the three months ended March 31. But it posed a loss of .4 million compared with a profit of 1 million for the same period a year earlier.
The company said power generated by wind and solar rose 12.3 percent and 19.2 percent, respectively, in the first half. China's sanbei (Northwest, North and Northeast China) regions, which have rich wind and solar resources, are expected to see an increase in the renewable energy power generation. The utilization ratios of renewable energy in the regions also reached 99.5 percent, 99.5 percent and 96.4 percent, respectively.
The company immediately reached out to market regulators and sealed all affected batches, including those already dispatched to its sales channels.
The company said the new trains were designed specifically for the Winter Olympics and feature a media carriage with Wi-Fi service and TV screens for live broadcasting, an athlete drug-testing area and a storage area for winter sports equipment.
The company’s home city of Seattle won’t be left out: Amazon is slated to deliver a big box to Seattle Children’s Hospital on Monday afternoon.
The company, known in Asia as "Tiger Brokers," trading under the ticker symbol of "TIGR," announced its IPO of 13 million American depositary shares (ADSs), each representing 15 Class A ordinary shares, at a price to the public of per ADS.
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The company will further expand its presence in the Middle East and India to drive growth through emerging opportunities in new markets where there is a large and growing middle class population.
The company said the United States is its largest overseas market and it has been working on a master plan to set up manufacturing facilities in major markets globally.
The company launched a relay satellite into space in May as the first step in the Chang'e 4 lunar mission, which will explore the far side of the moon and is scheduled to be made before the end of this year.
The company's global smartphone sales have risen sharply this year. According to market research company Gartner, Xiaomi sold 28.5 million handsets in the first quarter of this year, compared to 12.7 million during the same period in 2017. This amounted to the highest level of sales growth among the top five smartphone manufacturers during the period.