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The company saw steady growth in online music paying users in the fourth quarter of 2019, up 47.8 percent year-on-year to 39.9 million, increasing by 4.5 million quarterly, compared with growth of 4.4 million in the previous quarter.

The company's net profits attributable to its shareholders totalled 6.1 billion yuan (about 900 million US dollars).

The company's sales revenue in China grew by 18 percent in the first quarter of this year.

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The company statement said that Wang Zhenhui, senior vice-president of JD.com and head of fulfillment operations, would serve as CEO of JD Logistics.

The company markets its products to wire producers, and the end products are used for home appliances, automobiles and machines.

The company's project, the Future Technological Smart Center in Nanjing, aims to gather a wide range of domestic and foreign partners around artificial intelligence, internet of things, 5G, cloud computing and other technological innovations to explore what future cities will look like.

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The company, which has an R&D center in Silicon Valley and plans to set up a design studio in Los Angeles, announced move to enter the already competitive US auto market by the fourth quarter of 2019.

The company is expected to unveil a new handset that comes with Amazon's voice recognition technology Alexa, and it now already sells a smartphone that uses Google's Tango augmented reality computing platform.

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The company, as a leading formulator of multiple standards in wireless and imaging technology research, including virtual reality and augmented reality technologies, has cooperated with many industry leaders, such as Samsung, Apple, Sony, Qualcomm, Nokia, Intel, China Mobile, MediaTek, ZTE, NTT, NEC, LG, and Microsoft. It listed on Nasdaq and was included in the S&P MidCap 400 index.

The company said its total assets are valued at more than billion and it has over 30,000 employees. It has constructed more than 90 photovoltaic power plants overseas, and sells its products to over 140 countries and regions.