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The company now has more than 500 employees, and its young CEO has been impressed by the government's preferential policies for startups, especially the expansion of financing channels for small businesses.

The company was founded by a number of former executives from 3D software company Autodesk and electronics manufacturer Flex. Bright Machines’ CEO Amar Hanspal was formerly co-CEO of Autodesk.

The company launched construction of its first-ever smart integrated manufacturing industrial park in India in December, which is scheduled to commence production in the fourth quarter of this year.

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The company invested more than 108 million yuan last year in poverty relief, 45.07 million yuan more than the previous year. It has also allocated 57.72 million yuan in purchasing agricultural products from poverty-stricken regions.

The company will be wholly controlled by Ant Financial and led by Hu Xiaoming, CEO of Ant.

The compilation of a civil code is also a necessity for improving the basic socialist economic system and promoting high-quality economic development, as well as for enhancing public well-being and protecting the fundamental interests of the people, he said.

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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's newly opened art gallery will be another step for the company to further enter into the art industry and thereby strengthening its corporate craftsmanship spirit, enlarging its cultural influence and improving the quality of its products, said Ling Zhenwen, CHO of Riverside.

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The company said in January that it?planned to add another 100,000?full-time jobs in the U.S. by mid-2018.?The growth would push?Amazon’s U.S. workforce to more than 280,000 people.

The company said at the conference that to date, it has secured over 30 5G contracts in overseas markets and has signed cooperation deals with more than 50 partners.