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The company will sponsor Jiangsu Suning Football Club from 2019 to 2021, with the Samsung logo appearing on the players' shirts in all matches during the next three seasons.

The company's silver and orange bikes can be picked up and parked without the use of a dock. Riders unlock a bike by scanning a QR code with the Mobike app, which is available on Android and the Apple Store.

The company posted a net loss of 2.62 billion yuan (0 million) for the first quarter of this year, 71.36 percent more than the same period in 2018.

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The company suggested that staying the modern luxury choice for customers that appreciate everything a Mercedes is about is equally as important as pushing ahead in the new technologies to compete against new players.

The company's revenue rose by 1 percent to 28.2 billion yuan (.2 billion) in the third quarter, which beat analysts' estimates of 27.5 billion yuan on average, according to IBES data from Refinitiv. Net income attributable to Baidu was 13.7 billion yuan.

The company's net profit attributable to shareholders reached 2.11 billion yuan (about 4.3 million) last year, according to its annual financial report filed to the Shanghai Stock Exchange.

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The company said the number of users increased 9 percent to 166 million for the three months ended March 31. But it posed a loss of .4 million compared with a profit of 1 million for the same period a year earlier.

The company started its fuel cell vehicle project in 2001 and has invested more than 3 billion yuan (9 million) on R&D. It has obtained 511 patents in the fuel cell sector.

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The company is cooperating with Germany's BMW, Volkswagen and Bosch and providing them with its LiDAR products to use in their autonomous driving systems. The cooperation also involves extensive demonstration and testing.

The company logo of ICBC is seen at Xuchang, Henan province. [Geng Guoqing/Asianewsphoto]