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The company will also ramp up its market presence by promoting its own quick response code scanning system to process mobile payments.

The company in January announced it would acquire 8.61 percent of the issued shares of Leshi Internet, 15.71 percent of Leshi Pictures, and 33.5 percent of Leshi Zhixin, with total capital of 15.04 billion yuan. All payments had been made to LeEco. According to the company, the investment would not result in any change in total assets, total liabilities or net assets of the group.

The company's name incorporates the phrase bangbang jun－army of porters.

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The company's pianos account for 27.27 percent of the global market and for 38.6 percent of the quantity sold in China. Its products are sold in more than 100 countries and regions around the world.

The completed part is the first phase of the plant, which has an annual production capacity of 200,000 units, with a total investment of 4.7 billion yuan (1.4 million), and covering 470,000 square meters, according to the automaker.

The company said it will continue to collaborate with the Chinese government, environmental and community organizations to explore sustainable packaging solutions suitable for China.

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The competition, held in Chongqing municipality, allows students aged between 6 and 18 years old to craft sci-fi stories or write creative computer programs in the next eight months to "cultivate students’ interests in science fiction,” according to the organizer.

The company, which is currently engaged in 10 construction projects outside China, conducts its overseas business in three ways: independent projects, contracting projects with other Chinese companies, and contract projects with overseas companies.

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The company, which loudly promoted an expanded Amazon Education presence when it launched the Amazon Inspire educational resource site at ISTE two years earlier, was nowhere to be seen. Amazon has been shrinking from the edtech stage, announcing plans to shutter its TenMarks math and writing education business earlier this year.

The company plans to build a comprehensive data platform with its newly established tool "Zhiduoxing" and its think tank Maoyan Research Institute to offer marketing analysis services to industry players.