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The company raised about .1 billion and the deal valued the company at about billion, down from early estimates ranging as high as 0 billion before the price range was set. Uber plans to use money raised in the IPO as working capital.

The company said that because of limits of the existing logistics infrastructure, most of the Yantai cherries are currently sold in the northern provinces. However, with growing demand from Guangdong, Hunan and Hubei provinces, cold chain delivery has become a necessity.

The company plans to use diversification to benefit from global economic opportunities and expansion across multiple markets, including the commercial and tech sectors. The company focuses on working with industries such as natural minerals, logistics, e-commerce and social media.

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The company pushed the romantic possibilities of the service via suggestive ads that hinted at hookups through driving, along with profile photos, ratings and public tags of passengers, especially those of the opposite sex.

The company just started charging 9 per year to use its AmazonFresh same-day grocery delivery service in Seattle, New York City, Philadelphia and California. It has also launched Prime Now‘s .99?one-hour delivery in more than 20 markets, including alcohol and restaurant drop off?in Seattle.

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

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The company said that it will join hands with the Shanghai Association for School Health Care to officially launch a training program targeting health teachers at schools to ultimately educate students about proper eye care.

The company said it will launch nine new and re-designed electric models in the world's biggest auto market by 2025, including plug-in electric vehicles and hybrid electric cars that charge with a gasoline engine.

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The company’s Aliexpress wholesale platform is international, but this move would mark the expansion of Alibaba to reach consumers around the world. No specific timeline was given for the rollout of Taobao internationally.

The company relies on its proprietary risk management tool called Hawkeye, which generates an assessment within seconds.