The company also plans to double the number of shares owned by all shareholders using its capital reserves, which will involve no change in the total market value of shares as the share price will be halved.
The cloud leader first unveiled Sumerian at re:Invent 2017 last November, showing off how developers could build 3D images and scenes in a web browser without having to learn sophisticated design and programming techniques once required to accomplish such a task. The service contains hooks to other AWS technologies, such as its Lambda serverless computing service, to build out the remaining parts of an AR/VR app.
The company actively participates in the Belt and the Road initiative, operating 53 ports in 20 countries and districts, creating an overseas network of ports, logistics, finance and industrial parks.
The company has been making various inroads in the sports industry recently, including its work with the NFL, producing the All or Nothing?sports documentaries, buying parts of sports broadcast companies, and more.
The compact SUV, which recently gained a five-star rating in Europe-NCAP crash tests, will go head-to-head with the Audi Q3, Jaguar E-pace and the Cadillac XT4 in the rapidly-expanding segment.
The company has actively promoted clean energy development including nuclear, wind, biomass and solar power in the past few years. It began expanding its clean energy business overseas since 2010 in countries including France, South Korea and Egypt.
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The closing meeting of the third session of the 13th National People's Congress (NPC) is held at the Great Hall of the People in Beijing, May 28, 2020. [Photo/Xinhua]
The company also announced that it is ending all non-disclosure agreements that prevented victims of alleged sexual misconduct by the disgraced director and producer from talking about their experiences.
The company has announced it will set up a joint venture with Hoho Electrical & Furniture Co Ltd, an Egypt-based home appliances company. This will be followed by an investment in the construction of a new factory.
The commission and its partner agencies in 16 districts have since Feb 24 been conducting comprehensive investigations on 720 multinational corporations, which either have Shanghai as its regional headquarters, or are recognized as "key foreign-funded enterprises" by the local authorities.