The company, which was driven into bankruptcy after its equipment ignited several deadly wildfires in recent years, admitted Monday that despite the outages, its power lines may have started two smaller fires over the weekend in the San Francisco Bay Area.
The company showcased its newly developed system Kaspersky OS at a recent exposition in Tianjin. The system is said to prevent risks in the infrastructure, manufacturing and healthcare industries.
The company will sell nearly 2 billion shares in this IPO, 80 percent of which will go to Japanese retail investors with a 5 percent dividend, the highest in Japan.
The company's online consumer finance platform,Fenqile, offers personal installment loans, installment purchase loans and other loan products. The company also offers a variety of products on its e-commerce channel, which allows customers to use their credit lines to finance purchases.
The company said it will ramp up resources to explore opportunities in energy, transportation, public utilities, radio and television and other sectors that internet of things technology will revolutionize.
The company is holding clinical trials in China, and the team hopes that their success at the Pitch@Palace event will help establish trials in the United Kingdom.
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The company said the new 88 internet brand will mainly focus on offering internet products such as email service, knowledge platform, professional networking, recruitment products and business information products, and aims to provide individual users with solutions that foster efficient communication and better social connection.
The company recently secured an order for supply of more than 50 boarding bridges worth 130 million yuan from Chile's Santiago International Airport, the biggest such deal in the South American market.
The company, also known as Sinopec, has replaced coal with geothermal energy in 10 cities nationwide so far, including Daming in Hebei province and Qingfeng in Henan province, said Ma Yongsheng, president of Sinopec Corp, during the 2018 China Geothermal Energy International Forum in Shanghai on Tuesday.
The company's beers have now been exported to more than 40 nations and regions worldwide.