The company lost 292 million and 525 million yuan in 2016 and 2017, respectively, while 2018's 3.95 billion operating loss is eight times that of 2017.
The complaint may illustrate a point emphasized by Zhang, who says the sharing model does not work in every situation.
The company plans to use the funding to accelerate its business of making puzzle books for Amazon.com’s Kindle, and expand to new platforms.
The company, the largest toy retailer by retail sales value in 2016, is engaged in the retail and wholesale of mainly toys and infant products in Chinese mainland and also involved in Hong Kong's toy retail, with Danish toymaker LEGO as its largest brand owner.
The company raised funds in 1992 for a float glass project. A glass sheet made by floating molten glass on a bed of molten metal like tin or lead is called float glass, which has uniform thickness and very flat surface, and usually comes in clear and tinted types. The float glass products produced in the first two years were not able to meet the standard of downstream deep processing. Rather than supplying such below-par glass to customers, CSG destroyed its products, incurring considerable loss, but sowing the seeds for a quality-oriented approach to its global business.
The complaint?does not say how the company?obtained this information, but Amazon?does note that it has been in contact with?Valdez and his lawyer in an unsuccessful attempt to resolve the dispute before filing suit. Amazon declined to comment for this story.
上海金山孩子厌学封闭式教育费用
The company showcased its cutting-edge smart locking system, namely Yale Ecosystem, and a range of other smart products during a recent international building decoration expo in Guangzhou, capital of Guangdong province.
The company was the subject of investigations in the United States, France and the United Kingdom, and on Tuesday it agreed terms with prosecutors in the UK for what is known as a deferred prosecution agreement, allowing it to avoid formal charges.
The company relies on its proprietary risk management tool called Hawkeye, which generates an assessment within seconds.
The company's implementation of transformation and upgrading to result in high-quality development is working, BAIC Group said.