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The company's defense sector generated .6 billion in revenues for the quarter, up 8 percent from the figure of .1 billion in 2018.

The company set up an online platform and an app to guide and communicate with the 142 Party branches in the group.

The company, together with China's largest charging infrastructure providers－Qingdao TGOOD Electric Co Ltd, Star Charge and China Southern Power Grid－previously set up a company called Uniev that is focused on EV-related services. The platform, covering information about pile locations, availability, prices and user ratings, had connected to over 390,000 public charging piles by November 2019.

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The company, a subaffiliate of HNA Group, the conglomerate headquartered in Haikou, Hainan province, said that with few commercial flights available, some passengers who normally take first-class seats on commercial flights have turned to chartered business flights. That gives them more flexibility and privacy and less contact with other passengers.

The company is also planning to increase capital expenditure on domestic exploration to boost higher energy output, which is also in accordance with the government's efforts to raise domestic output to bolster national energy security.

The company's admission followed media reports that Wisconsin was in talks with Foxconn to build a billion display-making plant, months after news that Foxconn CEO Terry Gou met with a representative of Pennsylvania's economic development agency to potentially invest in the state. Michigan is also said to be pursuing a deal.

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The company’s traditional retail rivals, including Walmart, Best Buy and Target, are spending big on their own e-commerce and shipping initiatives in an effort to keep up with the e-commerce juggernaut.

The company will spend over 2 billion yuan (1 million) building a production center and R&D center covering an area of 20,000 square meters in WND. It will include six core optical machine production lines and complete machine production lines. It is expected to produce one million sets of the glasses in 2020.

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The company sold Hongkou SOHO of Shanghai in June for 3.57 billion yuan, at a unit price of 51,000 yuan per square meter, it said. And the selling price was 53 percent higher than its cost, which brought much cash flow to the company, the company said.

The company pulled clear of second-placed BYD Co Ltd, which accounted for 17.35 percent. Behind BYD were Shenzhen-based Optimum-Nano Energy Co and Hefei Guoxuan High-Tech Power Energy Co Ltd.