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The company has raised 270 million yuan from the country's two education giants TAL Education Group and New Oriental Education & Technology Group Inc, as well as the SIG Asia Investment Fund.

The commission said 257 asymptomatic cases, including 102 from outside of the mainland, were still under medical observation.

The company also topped LVMH Moet Hennessy Louis Vuitton SE in market capitalization as the most valuable stock on Bloomberg Intelligence's Global Luxury Goods Top Peers Index.

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The company has corporate shareholders, including entities affiliated to China's internet giant Tencent, Matrix Partners China III Hong Kong Limited, and entities affiliated with US venture capital firm Sequoia, according to its prospectus.

The company has sought to avoid legal liability for counterfeit goods sold on its platform. In what became a landmark case, Amazon was sued in 2013 by Seattle-based novelty pillowcase maker Milo & Gabby over knock-offs sold by other companies on Amazon.com. Courts sided with Amazon’s argument that the sellers of the counterfeits were the ones who should be held liable.

The comments were made last week in Washington during the US Senate Intelligence Committee's annual open hearing on the greatest threats facing the US. During the session, a host of intelligence community leaders shared concerns about dangers around the globe.

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The company calls the Smart Coffee brand the "digital engine" of its transition to a global mobility company.

The company has signed a joint venture agreement with Canadian automotive supplier Magna International Inc to develop a high-end smart electric vehicle, and produce BAIC's Arcfox-branded models in Zhenjiang, East China's Jiangsu province.

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The class is now at full capacity, with each student paying 180 yuan () for 32 classes.

The company also plans to set up a total of 120 VR cinemas in the Chinese mainland by the end of the year, Seah said. So far, the company has six VR cinemas in Beijing.