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The company's claimed investment projects were found to have no profitability, resulting in a huge capital gap that prevented it from repaying investors' principal and interest. Last September, 53 people in the company were transferred for examination and prosecution.

The company’s cloud business has quietly been making a similar move, on a smaller scale. After getting their start in temporary locations several years ago, AWS Lofts have evolved past their initial “pop-up” status with permanent locations in San Francisco and New York. Just last week, Amazon Web Services opened a new AWS Loft in Tokyo.

The company's global expansion target is to increase its serviced apartments to 160,000 units by 2023, doubling existing scale according to the company's top management.

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The company made the decision after recognizing the importance of China in global investment portfolios and the evolution of its markets over the last decades especially since China's reform and opening-up.

The company?doesn’t disclose its Echo?sales figures, but a?recent report from Consumer Intelligence Research Partners estimated that the retail giant has sold 5.1 million of the smart speakers in the U.S. since it debuted?two years ago. The company said?the?best-selling item on Amazon.com on Thanksgiving, Black Friday and Cyber Monday was?its Echo Dot smart speaker, which was?available for .99 as part of Amazon’s Cyber Monday deals.

The company, which loudly promoted an expanded Amazon Education presence when it launched the Amazon Inspire educational resource site at ISTE two years earlier, was nowhere to be seen. Amazon has been shrinking from the edtech stage, announcing plans to shutter its TenMarks math and writing education business earlier this year.

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The company settled about 5 million auto-related cases with the technology in the first half of 2017, it said.

The complex will have two hydroelectric power plants - Sehuencas, which will produce 188.62mW, and Pelton, which will generate 64mW.

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The company previously led a 0 million investment round in electric car company Rivian.

The company's Chinese clients include Vivo, OPPO, Xiaomi, ZTE, OnePlus and Huawei, all of which have unveiled devices powered by Qualcomm's mobile platforms and modems.