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The company's smart agriculture system can provide smallholders and farm owners with meticulous production management solutions from seeding, fertilizing, crop protection to harvest, Gong said.

The company said it will globally premiere a passenger car with Level 2 autonomous driving functions with a Chinese carmaker at the forthcoming Shanghai auto show later this month.

The company plans to list on the Nasdaq stock market under the symbol UXIN. However, no pricing terms were disclosed. Morgan Stanley, Goldman Sachs (Asia), JP Morgan, China International Capital Corp and China Renaissance are the joint underwriters on the deal.

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The company pointed out that prime industrial properties would buck the broad trend with a mere 5 to 10-percent dip in 2020, given its strong demand.

The company produces an average of 15,000 tons of solid biofertilizer and 16 million kilowatt-hours of electricity each year.

The company said 5G is one of its core businesses and it has pursued innovation in 5G technology research. It has filed 3,500 patent applications in 5G.

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The company said it had produced more than five million bumpers for global auto giants as of mid-June.

The company reiterated Monday its goal of eventually using 100 percent renewable energy to power its data centers in the press release, but it’s not ready to give itself a deadline.

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The company recently announced that it would tap into foreign markets including Japan, South Korea and Southeast Asia.

The company said it has received an order for 12 container vessels from Malaysian and German shipowners, two of which will be delivered by the end of this year.