The company launched another cargo train service from Changsha in Central China's Hunan province to Moscow in late March. The first train carried epidemic prevention materials, electromechanical equipment, shoes, toys, garments and plastic products to Moscow. It plans to operate the service once a week and may go to twice a week, depending on market demand.
The company is now approaching Chinese partners to develop commercial solutions for the Chinese market, said Ghostine.
The company will be responsible for the national railway system's operation, construction and safety, as well as nonprofit transport jobs, according to the statement.
The company is trying to maximize public exposure of local produce from impoverished regions by linking customers with a dedicated, one-stop landing page via Taobao's home page.
The company said it spent 1.9 billion yuan in this aspect in the first nine months of this year, soaring 28.5 percent year-on-year.
The company only has such arrangements with governments of Britain, Canada, and Germany, said Catherine Chen, Huawei's board member and senior vice president, at a media roundtable in Brussels.
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The company said in its prospectus that at least 70 percent of the net proceeds will be used for its main insurance businesses, exploring overseas opportunities such as equity investments as well as mergers and acquisitions in developed and emerging markets. The rest will be used to build a venture capital platform, investing in projects related to healthcare, elderly care and other technologies.
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 is expected to have some 30 showrooms in China by the end of 2021.
The company's studies also showed new pharmaceutical products are being brought to the China market faster due to related policy reforms, and more are from Chinese companies.