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The company's financial report for the whole fiscal year 2016/17 showed sales of 2.4 billion Swiss francs, up by 15.3 percent in local currencies or 15.6 in Swiss francs. Asia Pacific contributed to 10 percent of the total, while China was second in the region after Australia.

The company raised about .1 billion and the deal valued the company at about billion, down from early estimates ranging as high as 0 billion before the price range was set. Uber plans to use money raised in the IPO as working capital.

The company's Asia-Pacific commercial director, Cameron Hume, said China's relaxed foreign exchange controls, increasing number of outbound Chinese travelers, and Shanghai's position as a global financial center are the major reasons to place the firm's regional headquarters in the city.

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The company said it allows employees to work from home and seeks to negotiate with clients.

The company quickly sought to reinvent Molly, creating new lines and adding costumes and decorations to create an endlessly replenished stream of the pouting doll.

The company's enviable, coveted growth, in defiance of lackluster sentiment in the local economy, is due, in no small part, to a business expansion strategy it began two years ago, in which the company joined hands with its clients in expanding beyond its comfort zone to the Guangdong-Hong Kong-Macao Greater Bay Area — the nation's mega 11-city development initiative — as well as the Asia Pacific region.

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The compensation standard was made in accordance with the average daily salary of the country's urban employees in the preceding year.

The company's antibody tests have been approved by various countries and supplied to more than 10 countries, including Denmark, the Czech Republic, Spain and Brazil, it said.

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The company's strong sense of responsibility was well-demonstrated during the COVID-19 outbreak. Between late January and March, some of the company's employees were stationed in Wuhan, the capital of Hubei province, for 76 days to help build and maintain the 5G networks for local hospitals, so that ultra-high definition and low latency video transmission became possible to enable remote medical consultations and live webcasts.

The company now says it is conducting thousands of tests a day and will grow to 50,000 tests a day across 650 sites by November.