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The company is taking a fresh step in the European clean energy market after purchasing an 80 percent stake in a 288 megawatt offshore German wind farm operator, WindMW from US private equity firm Blackstone Group for around .8 billion, which CTG described as one of the most promising offshore wind businesses in Europe.

The company launched a Level 4 self-driving logistics vehicle at a computing conference in September in Hangzhou, Zhejiang province.

The company surpassed 500 employees in the Seattle office?early in 2015, cementing its position as the company’s largest engineering center outside of its Menlo Park, Calif., headquarters. Including operations of Facebook-owned Oculus, the company?said in May 2016 its Seattle headcount had exceeded 1,000 people.

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The company is exploring opportunities in fields ranging from car hailing and satellite launches as part of its efforts to seek an advantage in terms of mobility and autonomous driving.

The company’s Ring subsidiary, which was hit with a series of security issues last year, announced new end-to-end encryption for video, as well as a new Ring Car Alarm and Car Cam for auto security, along with an API dubbed Ring Car Connect for implementation by auto manufacturers, starting with Tesla.

The company's move was buoyed by Chinese game publishers' rising enthusiasm for overseas expansion. During the past two years, Chinese mobile game publishers witnessed a significant increase of 60 percent in overseas consumer payments from Apple Inc's iOS App Store and Google Play Store, a report said.

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The company's share price jumped despite the electricity sector in the exchange closing 0.54 percent lower and the Shenzhen Component Index settling 1 percent lower on Monday.

The company is paying for the pilot. If the test is effective, the company will promote it in other places that have large pedestrian flows.

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The company's roots began in 1902 when James Cash Penney started a dry good store in Kemmerer, Wyoming. The retailer had focused its stores in downtown areas but expanded into suburban shopping malls as they became more popular starting in the 1960s. With that expansion, Penney added appliances, hair salons and portrait studios.

The company's export orders are likely to be slashed by 90 percent in the first half of 2020, and no signs of new orders for the second quarter have prompted Li to take some belt-tightening measures.