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The company's products and services are available in more than 170 countries and regions, with operations spanning Africa, Europe and Asia.

The company's Asia-Pacific commercial director, Cameron Hume, said China's relaxed foreign exchange controls, increasing number of outbound Chinese travelers, and Shanghai's position as a global financial center are the major reasons to place the firm's regional headquarters in the city.

The company used to invest heavily in market expansion at home and abroad, leaving less room for refined management and maintenance, said Raymond Wang, a partner at the consultancy Roland Berger in a China Daily report.

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The company said it believed the partnership with Tianjin University complements Clariant Catalysts' existing cooperation agreements with top educational and research institutions in China. All these will benefit the local Chinese market.

The company will carry out in-depth strategic cooperation with China FAW Group Corp, the State-owned carmaker, in the fields of self-driving, artificial intelligence and digitalization. It has fully opened Apollo Go Robotaxi, its self-driving taxi service, in Changsha, Hunan province, Cangzhou, Hebei province and Beijing.

The company predicted the overall market demand to grow in the fourth quarter on a quarterly basis due to strong year-end seasonality and continued recovery in the overall demand.

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The company was faced with the patent to its pants expiring in 1890, so it developed a logo to be sewn on the back of its pants to identify them: the image of two horses, each pulling in the opposite direction on the same pair of jeans, trying in vain to tear them apart. The pants were called "The Two Horse Brand" until 1928, when the company adopted its Levi's trademark.

The company said it will open a flagship store on Tmall, Alibaba Group Holding Ltd's business-to-consumer shopping site, on Sept 9 this year. Chinese consumers will also be able to purchase the ceramic mugs via Ember's official website.

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The company's slogan is "Producing the best Android flagship smartphones". It has spread widely since the company's launch five years ago.

The company which released the report processes payments across 146 countries and regions and cover 126 currencies. To make its findings, its survey queried more than 16,000 consumers across eight markets.