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The company promised it will continue to communicate with an open, transparent and honest attitude, solve problems in a legal way in compliance with standards and try to reduce the adverse effects of the situation, according to the report.

The company is working with the University of Portsmouth in the UK and two Chinese partners - Huazhong Agricultural University and Wuhan HVSEN Biotechnology - on an AMR project with two main aims. One of the aims is to design a new drug that will specifically target bacterial pathogens that cause infections in pigs.

The company said net income increased to .34 billion, or .76 a share, compared with earnings of .05 billion, or .31 a share for the same period a year ago. Wall street analysts expected the company to earn .32 a share.

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The company owns Riot Games, the developer behind one of the most successful titles in e-sports, League of Legends. Tencent also has a majority stake in Epic Games, creators of the hugely popular Fortnite game.

The company's exclusion from the 5G mobile network comes after Australian Prime Minister Malcolm Turnbull highlighted the strength of Australia-China relations in a speech two weeks ago.

The company pays attention to localization in China. It partners with the local governments and works with manufacturers in their geographies to localize its solutions at their plants.

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The company's business revenue last year increased 36.92 percent year-on-year to 148.29 billion yuan, while total assets rose 17.87 percent to 215 billion yuan.

The company said it will ramp up its throughput to ensure the mine reaches its design capacity this year.

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The company plans to charge fares similar to that of Uber but will allow drivers to keep a greater share.

The company, which is based in Fuzhou, Fujian province, already offers its education services in 192 countries and regions including the United States, the United Kingdom, Indonesia and Turkey and has accumulated nearly 100 million users.