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The company, one of largest pharmaceutical exporters in China, has established local offices in the US and UK for product registration and marketing, and its pharmaceutical preparations have achieved remarkable success in developed markets such as the US, Europe, New Zealand and Australia.

The company highlighted China's role in its business expansion for now and in the future.

The company intends to build a complete industrial chain, and so has partnered with Fujian province-based Contemporary Amperex Technology Co Ltd, China's largest automotive lithium-ion battery maker by production volume.

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The company’s strategy is to sell the Kindle Fire at or below cost and then make up the difference through sales of media and other content. Publishing its own games, in much the same way it publishes its own books, would be another way to try to make money from its investment in hardware and online services. The company isn’t commenting on the Business Insider report.

The company, established in 1993 in Guangzhou, the capital of Guangdong province, plans to boost its production capacity and increase its efficiency of information and smart metro control systems by raising 537 million yuan (.68 million) through the public listing.

The competition is also supported by a number of talent and technology intermediaries at home and abroad. A group of eight organizations including Nordken Innovation Center and startup service provider Cyzone were honored as "excellent cooperation agencies" at the event.

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The company's latest move includes the opening of an AI and internet of things lab in May 2019, the third and largest of its kind in the world. The first batch of 30 clients stand to benefit from turning prototyping into products by leveraging Microsoft's AI and IoT solutions, said Lin Miaojing, project director of the Microsoft AI and IoT lab.

The company said it will continue to guide teenagers to play online games in a healthy manner. It launched a service in February to help parents supervise their children by notifying them when their children log in or make purchases.

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The company said it made a major breakthrough this year by launching its duplex stainless steel products－high-strength steel with lots of chromium－in Europe's high-end materials market.

The company's total revenues were 7.82 billion yuan (.1 billion) last year, representing an increase of 58 percent from the previous year.