The company invested over 2 billion yuan in technology development last year, with around one third on intelligent functions such as autonomous driving.
The company's interim financial report said the company gained 2.82 billion yuan (4 million) in revenue in the first half of this year, representing a year-on-year growth of 5.6 percent. Revenue from its education business hit 1.14 million yuan, having soared 40.3 percent year-on-year.
The company plans to increase investment in China and expand new business, including integrating Chinese 5G technology into new designs, Colombo said.
The company spent 100 million yuan (.82 million) last month in a cab fare compensation scheme and plans to match that this month.
The company will provide high-throughput genome sequencing machines and automated sample preparation systems manufactured by MGI Tech, a subsidiary of BGI Group, to the Stockholm-based Karolinska Institutet.
The company’s help forums are also active with customers discussing a number of factors that are contributing to their decision to flee. In a discussion called “Who else won’t renew Amazon Prime at ?,” there’s 83 posts, which may or may not be small given the roughly 20 million Prime members.
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The company’s Amazon Web Services unit is sponsoring a program at Harvard’s Beth Israel Deaconess Medical Center (BIDMC) that applies machine learning to improve hospital efficiency. The initiative will focus on clinical care, operations and waste reduction, which Amazon said will ultimately improve patient care.
The company will also continue to invest in its Chinese social media accounts on WeChat and Weibo, two of the most popular platforms on the Chinese mainland.
The company views Managed Delivery as the “third pillar of eBay’s ongoing evolution to create a more managed marketplace,” according to the press release. The first two are a managed catalog to make it easier for buyers to find what they want and a system of managed payments.
The company won first place at the National Science and Technology Progress Awards in 2016 for developing the first 8AT in China, making it the first auto parts supplier to obtain the award since it was created in 1984.