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The company said the well demonstrates that its ultra-deep well drilling technology has reached world-leading levels.

The company said in April that it would pour .2 billion into research and development of artificial intelligence, the internet of things and big data over the next four years.

The company posted a 42 percent surge in net profit in the first half of this year to 268.57 million yuan (.4 million), beating market estimates with a better-than-expected performance. Total revenue reached 4.71 billion yuan, a 17.9 percent rise year-on-year.

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The company’s response? Retaliate with threats of firing.

The company said this case presents pure questions about law and does not at this point involve any dispute over facts. The US court has scheduled a hearing on Huawei's motion for Sept 19.

The company said China is home to some of its most innovative, efficient and profitable stores. “Starbucks’ newest class of stores in China are delivering the highest average unit volumes, return on investment and profitability of any of the market’s prior store classes in its history,” according to the company.

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The company, called Renheju Tourism and Vocation Co, was established by Zhu, who was born in the village, with the help of the local government, in an attempt to develop tourism in the village and lift villagers out of poverty, Zhu said.

The company's stock endured consecutive losses after the incident was made public.

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The company will also shut down its operations in Peru, which represent 5 percent of the airline's revenue, and will lay off hundreds of employees within the next 10 days.

The company says a Chinese manufacturer copied their designs and began selling indistinguishable pillows on Amazon. The third party seller even used Milo & Gabby’s own product photos in the description on Amazon.com. Other third-party sellers have used similar tactics with the pillowcases, and Amazon says it has removed those, as well.