The company also announced that it will invest 18 million euros (.3 million) to build its newest and most comprehensive electronics technology center in Shanghai to accelerate its electronic materials strategy.
The company has for years maintained double-digit growth, with total assets increasing 22.1 percent year-on-year to reach 635.2 billion yuan (.2 billion) last year.
The company has also upgraded its Ping An Cloud platform. On Thursday, Ping An Technology said it was teaming up with Chinese information technology company Inspur Group Co Ltd, to launch a collaborative lab. Based on the integration of data computing and scenarios, both parties will jointly provide customers with leading technology drivers, empowering the finance, healthcare and smart city sectors.
The company has expanded its services to Europe, offering technology solutions through finleap connect, a business unit of Berlin, Germany-headquartered fintech ecosystem finleap.
The commission is also stepping up the pace of revising a regulation on insurance guarantee fund. For example, CIRC may implement an immediate liquidity arrangement system for insurers.
The clinical study was reportedly the largest one so far to be conducted in China on the treatment of Type 2 diabetes, which followed more than 5,000 patients from across the country for nearly a year.
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The company has made waves in the auto world with its billion purchase of a stake in Mercedes-Benz's parent company Daimler AG in 2018 and its .8 billion acquisition of Sweden's Volvo from Ford in 2010.
The coffee chain operator launched its tea product Xiaolu Tea in April and is expected to open more stores to grab market share in the hand-brewing tea segment in the country.
The commission is mandated to review the entire gamut of bilateral matters and its meetings are held alternately in Nepal and India. The last meeting was held in New Delhi in October 2016.
The cloud is a much smaller part of Google’s business, but Nowak thinks the company has a lot of room to grow in that area.