The company plans to raise up to 0 million in its initial public offering with Snowball Securities as the IPO underwriter.
The company's statement came in response to an alert issued by the US Department of Homeland Security, which said Chinese-made drones may be sending sensitive flight data back to their manufacturers in China, and the same can be accessed by the government there.
The company is one of five Chinese members and the only Chinese oil and gas member so far that has joined the Hydrogen Council, a global initiative of leading energy, transport and industry companies with a united vision and long-term ambition for hydrogen energy development.
The company is leasing more than 1 million square feet of office space in Bellevue across three buildings and is rumored to be looking for a lot more.
The company won’t be building its cloud alone, though. While some of its offerings will be based from its own data centers, Cisco is working on forging partnerships with other companies to provide data centers around the world that it can use to provide managed cloud services.
The company will continue to consolidate its dominant position in semiconductor displays and "aims to build an integrated industrial platform that ranges from display panels, modules, machine manufacturing to services," said Chen Yanshun, chairman of BOE, at the company's Innovation Partner Conference 2020 on Wednesday in Beijing.
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The company, headquartered in Nicholasville, the southeastern US state of Kentucky, develops agricultural products for use in both livestock and crop farming, as well as products for the food industry.
The company raked in 498 million yuan (about .3 million) in net profit attributable to shareholders, according to the company's annual earnings report filed with the Shanghai Stock Exchange.
The company recently opened its first official flagship store in Beijing as part of its wider efforts to tap into the local market, marking a significant move into the high-end mass consumer market.
The company is also empowering merchants to personalize their virtual storefronts for individual visitors, offering real-time, tailored product recommendations banking on algorithms that analyze a person's interests, location and purchasing power.