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The company on Thursday reported its latest quarterly revenue of .28 billion, 5 percent higher than the same period in 2017. The reading edged out the .6 billion expected in an analyst survey by Refinitiv.

The company is looking to use its prowess in technology and artificial intelligence to carve out a niche in the fitness tracker market, competing against established players such as Fitbit, Garmin and Xiaomi, as well as fitness tracking features in smart watches from fellow tech giants Apple and Samsung.

The company, employing more than 40 staff, most of whom are under 30, is only one example of China's emerging commercial space industry.

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The company started production of its first extended-range electric hybrid SUV Li ONE in November 2019 and had delivered 14,656 of them in the first eight months of 2020.

The competition was designed to attract original, innovative and leading projects which can be implemented in different regions of China in the future. Previously, projects have targeted cities such as Jinan in Shandong province, Changchun in Jilin province and Hangzhou in Zhejiang province.

The company's actions are extremely vile in nature and are believed to constitute crimes, with the police having already detained and filed for the approval of arresting the suspects in the case, it said, adding that the State Council group will continue to investigate the case.

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The company will conduct online career talks at some of the top universities in China, including Peking University and Tsinghua University, she said.

The company remains cautious toward making inroads into the US market, although a lot of its R&D staff graduated from US universities.

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The company now has more than 200 offices in more than 80 countries and regions. Its focus is on BRI-related countries and regions, especially Pakistan, Bangladesh, Indonesia, the Philippines, and Vietnam.

The company said ride volume is increasing after plunging in mid-April amid the coronavirus lockdown, but bookings nevertheless declined five percent from a year ago.