The company is already selling its products in Uganda. Plans are underway to open a distribution branch in Kenya within the next two months, after which the company anticipates selling at least 100,000 units of solar lighting systems in the East African country within a year.
The company this morning unveiled a new .99 Fire tablet as part of its annual hardware refresh, as reported by GeekWire’s Jacob Demmitt from a previously secret press briefing held by Amazon at a home in?San Francisco yesterday. With a 1.3 GHz processor and 1024×600 screen, the specs are not high-end, but Amazon is pitching?the device as a solid entry-level tablet.
The company's net profit dropped 23.8 percent to 2.79 billion yuan (9.46 million) during the first nine months of the year.
The company's gross merchandise volume for the three months achieved a year-to-year growth of 21.7 percent, and reached 47.6 billion yuan.
The company's expansion into Germany aims to integrate its global technological resources and marks a new start in the innovative research of distributed energy technologies.
The company plans to reopen its flagship store in London, which closed last February due to lukewarm sales. Bosideng said the reopening of the store is an important move for its brand strategy, as it looks to further expand into overseas markets.
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The composite PMI, which covers manufacturing and non-manufacturing activities, edged down to 53.3 from April's 53.4, indicating an overall steady expansion in economic activities, according to the NBS.
The company, which has faced past scrutiny over its warehouse working conditions, says median pay at its fulfillment centers is 30 percent higher than in traditional retail jobs. Full-time workers also receive stock grants, which have added an average of 9% a year to base pay, the company says.
The company said it planned to commercialize the intelligent driving vehicle as early as 2018.
The company reported sales of 7 billion in 2016, a 2.8 percent decrease compared with the year before which has been attributed to Apple's fall in sales.