The company will also be jointly launching the National Carton Recycling Day on Nov 20 with the China Environmental Protection Foundation, the Alibaba Foundation and domestic express delivery companies. Recycling points will be set up in neighborhoods in Beijing, Shanghai, Guangdong province' Guangzhou and Shenzhen, as well as Zhejiang province's Hangzhou.
The compensation amounts in civil disputes were also elevated to new heights, the white paper said.
The company’s bluechip product is the?D-Wave One system, the first commercial quantum computing system on the market. It is designed for industrial problems encountered by Fortune 500 companies, government and academia.
The company said it also provides clean and environmentally friendly energy for water desalination for coastal cities short of water.
The company released China's first AI-based skin disease diagnosis system last year, together with the Second Xiangya Hospital of the Central South University in Changsha, Hunan province, and Glority, an AI technology company in Hangzhou, Zhejiang province.
The company is testing a new program called Amazon Storage and Replenishment, in which the tech giant rents cheap warehouse space near its fulfillment centers to give sellers room to stage their inventory and quickly replenish items that are selling fast, according to a report from Bloomberg. Amazon is testing the program with warehouse space in Ontario, Calif., about 20 miles from a distribution center. Amazon plans to expand the program to other locations around the country.
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The company is facing high expectations for its holiday shopping season this year. The company’s financial results have disappointed investors for the past two quarters, and it recently took a 0 million million write-down on unsold inventory of the Fire phone.
The company, which is listed on the National Equities Exchange and Quotations, China's equity trading system oriented for small and medium-sized enterprises, posted a net loss attributable to shareholders of 17.97 million yuan for last year.
The company's carrier business, which includes Huawei's telecom equipment and services, recorded about one percent loss in revenue in 2018, as it faces security allegations in some markets. Huawei has repeatedly said such allegations are groundless and not backed by factual evidence.
The company is taking steps to suspend affected transactions as a result of the ban and is assessing the impact of these developments on Acacia, it said in a statement.