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The company said consumers should be informed of devices' built-in security, because they could make the owners a target for cyberattacks.

The company invested over 2 billion yuan in technology development last year, with around one third on intelligent functions such as autonomous driving.

The company signed up former Manchester United and Real Madrid star David Beckham as a global brand ambassador in 2017. Beckham has since appeared at AIA events in Beijing, Hong Kong, South Korea, Singapore, and Malaysia.

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The company’s new office is starting small, with just four employees. But The Climate Corp. plans to grow to about 20 workers in the next few years, hiring software engineers and others who specialize in managing “big data.”

The company released the following statement in response to GeekWire’s inquiry: “Amazon employs over 500,000 people worldwide, and we’re continuing to hire across the company. We are constantly evaluating headcount needs to ensure we’re dedicating resources efficiently and effectively, so it’s common for there to be minor fluctuations in headcount in different parts of the company.”

The company plans to raise up to 0 million in its initial public offering with Snowball Securities as the IPO underwriter.

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The company launched its shared bikes, an innovative solution to address consumers' short-distance travel demand, in April last year, and now has had daily riders of 20 million people.

The company told investors on Thursday the business model is still in its “early days,” but Amazon is working to hold onto its industry leading position. The company said it has rolled out more new features so far this year than it did all of last year, at the same time slicing prices eight times since last year.

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The company took in a total of nearly 403.9 billion yuan in transport revenue during the January-June period, a year-on-year decrease of 124.2 billion yuan due to the COVID-19 epidemic, it said, adding that its net loss were 95.5 billion yuan.

The company made the decision after recognizing the importance of China in global investment portfolios and the evolution of its markets over the last decades especially since China's reform and opening-up.