The company said it will inject a 100 million yuan (.1 million) seed fund targeting startups in China, fostering innovation in realms across healthcare, life sciences and performance materials, all of which are closely related to Merck's core and relevant businesses.
The concept calls for warehousing packages underwater in specialized tanks – or even in a designated?area of, say, Seattle’s Lake Union. Packages could be dropped from the air, parachute down to the water, and then sink to a specific water level based on its density.
The competition, initiated in 2012 by Tencent, aims to boost creativity among the youth.
The company raked in about 9.4 billion yuan (.4 billion) in net revenue in Q3, up 15 percent year-on-year, according to its unaudited financial report released Thursday.
The company is keen to make workplaces lively spaces where people could work in joy and interact freely, he said.
The company still should pay more attention and spend more money on R&D of products, Zhang added. "Other NEV startups are unveiling models featuring fabulous appearance and internal structure to allure customers. The two models of NEVS are too old to meet the requirements of current customers," Zhang said.
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The company's units of aviation, health care and Baker Hughes oil and gas saw profits rise in the quarter. Its aviation business posted revenue of .5 billion, surging 21 percent from a year earlier.
The company said it's "aggressively fighting against counterfeit and compatible flavored products which can appeal to youth and can be made with unknown ingredients, under unknown quality and manufacturing standards''.
The company will issue over 480 million shares globally, with 456 million shares for international investors according to the latest prospectus.
The complex underwater situation and limited visibility have also hampered rescue efforts.