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The company's next ambition is to cultivate one online influencer in each county across the country.

The company's response has been to introduce new lines of services to help its clients to overcome these problems and maximize their sales, through the addition of a site management organization and a contract sales organization.

The composite index tracks business volumes, new orders, employment, inventory turnover and equipment utility rates in China's logistics sector. A reading above 50 percent indicates expansion, while a reading below that reflects contraction.

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The company, listed both in Hong Kong and Shanghai, sold 2 million vehicles in 2017, a year-on-year increase of 21 percent, according to Feng.

The company says the KX-5000 series octuple-core processor has a similar performance to that of Intel's Core i3-6100 processor.

The company said it’s working to give customers more control and visibility of their security and privacy settings. As part of that effort, Ring said today that it will be shifting to two-factor authentication by default on new accounts and all device setups, including devices on existing accounts.

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The completed projects included more than 3,000 service centers across China for harvested grains and more than 400,000 grain storage facilities. The service centers provided services for farmers ranging from grain cleaning, drying, storage and processing to sales, and had played an increasingly important role in improving the quality of grains sold on the market and reducing losses during storage and distribution, Chao said. And that helped farmers increase their incomes.

The company is best known for employing artificial intelligence to filter and tailor information to people's preferences to get users "hooked". For instance, users spend on average 49 minutes daily on a variety of 15-second videos, according to consultancy Analysys.

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The company said it aims to revitalize great brands of the past whose fame may have faded due to ravages of time or inability to adapt to changes in the marketplace.

The company recorded a net return of negative 2.35 percent on overseas investments in 2018 as declining major stock markets took a toll on its overseas investments. But the net return still exceeded the annual performance bench mark by 371 basis points and outperformed the market.