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The company attributed the robust performance in the period to its technology-driven strategy amid the sustainable development of the AI industry.

The collaboration, according to the partnership organizers, will provide research-led technical advice that supports the reform of China's Health Technology Assessment processes and builds China's capacity in health economics. It also seeks to support Chinese universities in achieving the status of "Double First-Class", a national program for China's higher education excellence.

The company encountered its first financial loss in 2015, affected by the declining demand for global commodities including coal, oil, steel and construction materials between 2014 and 2016.

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The company aims to increase the portion of its assets in strategic and emerging industries to 30 percent by 2020, from the current 20 percent. Last year, it spun off assets worth about 55 billion yuan in the shipping and coal industries, according to Wang.

The comments came after the annual Central Economic Work Conference said China must reinforce the pivotal role of investment, facilitate the upgrading of manufacturing technologies and devices, and accelerate the commercial use of 5G networks.

The company has created 175,000 new jobs since March and is in the process of converting 125,000 of those roles into regular, full-time positions. Amazon’s employee count, not including contractors and temporary workers, reached 876,800 as of the end of the second quarter.

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The company got approval for an IPO from the China Securities Regulatory Commission on Nov 14, after submitting a request on Oct 22.

The company has invested substantially in H1 in research and development (R&D) while the number of employees increased by nearly 3,500, the report said.

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The classmates also help him out.

The commissioner recalled that she was in Beijing in May for the Belt and Road Forum, when she met and discussed cooperation with different parties, including government officials, company representatives and the Export-Import Bank of China.