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The company's operating revenue in the second quarter totaled 23.51 billion yuan, up 25.4 percent year-on-year. Its total operating revenue in the first half of 2020 stood at 35.93 billion yuan, down 13.17 percent.

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

The company said on its website it will recall the batch of 13-inch toys produced between May 16 and 25. It also advised customers to keep children under 3 away from the toy.

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The company is only offering delivery in Seattle proper, though its regional roll-outs start small and expand later. The company has to train personal shoppers, as well as ensure that there are enough stores in the right places in order to provide rapid delivery.

The complex will benefit local employment in the agriculture-dominant country, creating at least 2,500 jobs in the projects in the park and about 2,000 jobs in supporting sectors, he said.

The company, trading under the ticker symbol of "DOYU," priced its initial public offering of 67,387,110 American depositary shares (ADSs) at .50 per ADS for a total offering size of approximately 5 million, assuming the underwriters their over-allotment option.

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The company pledged more measures to meet surging international logistics demand during the Christmas and New Year's season.

The company's land reserve amounted to 80.8 million sq m at the end of September and its newly purchased land reserve reached 14 million sq m.

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The company’s shipping costs have ballooned in recent years as it aims to speed up delivery. During Q2, Amazon spent .1 billion on shipping, up 36 percent. In 2018, Amazon spent .7 billion on shipping, an increase of billion or roughly 27.6 percent over the prior year.

The company owes these achievements to its innovation breakthroughs. Its guidelines in response to the nation's "Made in China 2025" Initiative reduced its launch cycle and product cycle by 30 percent and 40 percent respectively, while raising its launch success rate to 95.6 percent, which is in line with the international standard. Moreover, the costs were lowered by around 20 percent.