The company, ranked world's 9th most valuable unicorn (private companies valued at billion and above) this year by consulting firm CB Insights, now has a valuation of billion after the latest round.
The company, which is listed on the National Equities Exchange and Quotations, China's equity trading system oriented for small and medium-sized enterprises, posted a net loss attributable to shareholders of 17.97 million yuan for last year.
The company's manufacturing base in China produces and exports glass. More such plants are likely to be set up in South America and elsewhere across the world in the years to come, according to senior company executives.
The complex international environment is the main characteristic of the new era, as the world is fragmented by diverse problems and challenges, he said.
The company’s cloud computing division continued to?boost Amazon’s profitability. Amazon Web Services posted 8 million in operating income, or 56 percent of the company’s overall operating income of .29 billion for the quarter.
The company's sound performance came amid the country's booming tourism sector, whose revenue rose by 10.5 percent year-on-year to 5.97 trillion yuan in 2018.
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The company’s existing AI chip is already used by the Ministry of Public Security in its video surveillance system. The two sides have drafted a national standard on the use of such AI chips in video monitoring, Deng said.
The company's projects in progress now range from real-time, location-based insurance coverage for individuals to blockchain-enabled funding methods and the Internet of Things.
The company's philosophy "to serve first, then sell" is shared among the dealership partners, according to Tang Xiaoxiong, vice-president of Shanghai Baode Group.
The company specializes in mustard, horseradish, mayonnaise, dips and lemon juice. All products are made at a plant in Springfield, and Woeber's has about 200 employees.