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The company controlled by search giant Baidu is about to kick off negotiations with banks and deal arrangers and is shooting for a valuation of as much as billion, the people said, asking not to be named because the matter is private.

The commission will push for broader and deeper opening up in the financial sector on the condition that financial security can be assured. It supports the active participation of foreign investment in China's financial market, and encourages Chinese and foreign financial institutions to enhance cooperation in areas including products, management and personnel training, he said.

The company has more than 100 million Prime members who pay 9 per year to get benefits such as free two-day shipping — which will soon become free one-day shipping as part of a new initiative Amazon announced earlier this year.

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The company has more than 80 employees so far, and the number is expected to triple this year, spurred by business growth to increase the quality of services, Brad Lee told China Daily in a recent interview.

The companies have to go through a second stage of audit and inquiry before they can be listed on the sci-tech board. [Photo/VCG]

The company began delivering the ES8 in June and has sold more than 9,700 vehicles in China so far. Estimates by Sanford C. Bernstein& Co forecast that Nio needs to sell about 100,000 vehicles a year to break even. The four-year-old company raised billion in a New York initial public offering in September, valuing it at .4 billion.

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The companies that listed predominantly operate in industrial products, consumer goods and services, and the IT and telecommunication sectors, the report said.

The clothes-sharing service generated buzz last month at the 2017 Asia Fashion Federation China Conference held in Hangzhou in East China's Zhejiang province, where fashion designers from Asia gathered to discuss the latest industry trends.

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The co-production aspect of it lies in the "technical expertise brought in by the partners, behind the camera, in the production design, visual effects, and post-production," she said.

The cloud market leader unveiled a new custom machine-learning chip called AWS Inferentia, designed specifically for inference tasks, in which machine-learning systems actually start to put patterns together after having been trained on a data set. And it plans to add GPU acceleration to its EC2 compute instances, the most basic unit of its cloud computing services.