The collection of artifacts has expanded in the new building, and the facilities, exhibitions and services are considerably better, he said.
The company also pledged to provide 50 billion yuan (.26 billion) of financial support through MYBank, a financial unit under Alibaba, to support couriers, supply chain companies and drivers, Cainiao President Wan Lin told the 2017 Global Smart Logistics Summit in Hangzhou, Zhejiang province, where Alibaba is headquartered.
The company founded four years ago has been dubbed by investors the Chinese answer to the US big data firm Palantir. And the newly launched tool is the first-ever shot of the company in medical application of AI, according to its CEO Dai Wenyuan.
The company has made a mark in the sector, currently constructing the automated terminal project of Qingdao Port in Shandong province and the fourth phase of the Yangshan Deep-water Port in Shanghai.
The company announced this month that it will set up its first European data center in Ireland with an investment of 420 million euros (0 million).
The comments came as global 5G rollout is progressing quickly. As a leader in this domain, China has already deployed over 600,000 base stations in more than 300 cities, supporting more than 160 million 5G connections across the country. A wide array of 5G services have already been implemented in more than 20 domestic industries, including healthcare, ports, steel, power grids, mining, and manufacturing, Hu said.
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The comments came after the US Commerce Department placed eight Chinese companies - including Meiya Pico, video surveillance powerhouse Hikvision, facial recognition technology leaders SenseTime Group and Megvii Technology - on a list that bans them from buying components from US companies without special government approval.
The company admits it takes some getting used to and is “for sure not for everyone,” but there is some science behind it — or so we’re told.
The claim by US leaders that attributes China's achievement to chronic trade surpluses in Beijing's favor is logically untenable, he said.
The combined costs per mu (around 0.07 hectare) of rice, wheat and corn hit 1,090 yuan (more than 0) in 2015, 2.27 times that of 2007. Also weighed on by rising costs, many producers of industrial crops ranging from soybeans to rapeseeds have suffered from losses or falling profit margins.