The company will join hands with content providers such as internet giant Tencent's online video service platform v.qq.com, video-streaming site iQiyi.com, online news aggregator Toutiao and the country's largest online travel agency Ctrip.
The company reported 7.8 million in total revenue in the last quarter of 2017, a 62 percent growth. Net income in the same period was .5 million, a 44 percent increase year-on-year, according to the statement.
The company was ordered to suspend production, and senior executives face serious criminal penalties. The company was ordered to pay fines of 9.1 billion yuan (.3 billion) for violations involving the fabrication of production records and using expired materials in its rabies vaccine.
The company's main strategy in 2018 is to improve its twin growth drivers-its search engine and input method-with the help of artificial intelligence technology, Wang said.
The company provides advanced technology and products - from explosive and drug detectors to vehicle inspection systems - and integrates solutions in the security inspection industry in many areas.
The company said that, while the Norwich scheme began strongly, usage was not high enough to keep the service in the city. Ofo will instead focus on growing its London user-base.
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The company said Thursday that from January to June, its net profit attributable to shareholders of the parent company hit 97.68 billion yuan (.88 billion).
The company today said that more people are canceling their Netflix subscriptions than expected, sending the stock down more than 15 percent.
The company’s shares are down 10 percent in after-hours trading to 2.50 as of 1:30 p.m. Pacific time.?Here’s the company’s full earnings release:
The company will also offer high-quality properties, including integrated developments, shopping centers, office buildings, residential areas in Beijing, Shanghai, Chongqing and other second-tier cities, for technology enterprises to carry out technological innovation, said Loh.