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The company is still offering its own private-label baby wipes under the Amazon Elements brand. It’s giving people who subscribed to the diapers a promotional credit, and promising to let them test the redesigned diapers once they’re available.

The company reported around 13 billion yuan of investment in research and development (R&D), accounting for about 12 percent of total operating revenue.

The company's global expansion will continue this year, with focus on the European and Latin America markets, Lei said.

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The company said it is in “advanced talks” to set up pilots of its technology with several retailers. The technology uses machine vision and artificial intelligence to identify each item and detect when items are picked up, put back or left somewhere else in the store.

The company is also driving innovation in a "in China for China" manner, and believes that "domestic industries in combination with international industries" are the right way of doing it.

The company, known in Asia as "Tiger Brokers," trading under the ticker symbol of "TIGR," announced its IPO of 13 million American depositary shares (ADSs), each representing 15 Class A ordinary shares, at a price to the public of per ADS.

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The company said the second-quarter revenue of .8 billion and GAPP loss of .21 per share reflected the previously announced 737 MAX charge that cut revenue by .6 billion and earnings by .74 per share.

The company plans to establish a smart education base, expanding the scale of an online education platform to have 4,000 employees in three years. It is also eyeing to set up an offline experience center in Wuhan, which it then hopes to spread across the country.

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The company opened its first brick-and-mortar bookstore in Seattle last year.

The company?declined to comment today on its plans for the new building.