The company is making an aggressive push into apparel. Last year it launched seven private-label clothing brands?and last month reports surfaced about the launch of an Amazon-owned line of bras. Job listings also indicate Amazon is working on its own line of active-wear.
The company said in 2019 it will continue to expand overseas to promote the Chinese tea culture in a ready-to-drink mode.
The company’s backers include?Accel Partners, Atlas Venture, CRV, Founder Collective, Menlo Ventures, Sherpa Ventures and Techstars.?The deal is expected to close later this year.
The company is buying part of the Dudgeon wind farm, which is off the Norfolk coast. Statkraft, Norway's largest power producer, is selling the stake as part of its scaling-down of investments in offshore wind projects and its switch in focus to hydropower.
The company has worked on Zhongguancun incubation, an acceleration and cloud computing innovation base in Beijing, the Conference Center of Shenzhen University City in Shenzhen and Wuxi Low Carbon Exhibition Center in Jiangsu province.
The company said its database, GaussDB, is the world's first AI-native database and it can boost the overall performance by over 60 percent compared with traditional products in the same field. It can work on both private and public cloud platforms to offer data services in sectors like finance, automobiles and logistics.
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The company is planning to go public so exact figures for the first half has not been released per disclosure rules.
The company later clarified that its sales included items exempted from an export ban involving the Chinese company.
The company made the announcement after substantial completion of the independent internal investigation by its Special Committee of the Board of Directors.
The company's new chip has been mass-produced, and its second-generation counterpart will be released in the second half of 2019, the company claimed.