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The company published a read-to-pay report forecasting the investment trend for this year at the Newtop 100 CEO Summit 2017 in Beijing on Saturday. The free-for-charge era of the internet sector has ended, he said.

The company will help Hubei build next generation infrastructure centered on intelligent supply chain and logistics. It will propel the upgrading of the logistics industry on the basis of its Asia No 1 logistics park in Wuhan and an efficient logistics network covering Hubei province.

The company will also develop technologies such as environment sensing and automatic safety assessment to further reduce the need for manual operation, according to Mo.

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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 will replace the faulty engine parts for free. The recall will start on July 31.

The company said CMA, along with a smaller car platform designed for Proton, allow them to harness Volvo's technologies and Geely's capabilities in cost control, supply chain management and local production.

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The company's business fits well with the country's Healthy China 2030 initiative, and China's further opening-up promises a better business environment for foreign companies such as Herbalife Nutrition, he said.

The company's global expansion will continue this year, with focus on the European and Latin America markets, Lei said.

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The company logo of China National Chemical Corp, or ChemChina, is seen at its headquarters in Beijing, Feb 3, 2017. [Photo/Agencies]

The company plans to offer 67,387,110 American Depositary Shares (ADSs) at a price range of .50to .00 apiece, according to its latest prospectus filed with the US Securities and Exchange Commission.