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The company pledged to reach 80% renewable energy for its global infrastructure within five years, and use entirely renewable power by 2030.

The company said it does not intend to search for an alternative site for its second headquarters, but it will continue its headquarters plan in Arlington, a suburb of the capital Richmond, and push forward with the construction of a new operation center in Nashville in the state of Tennessee.

The company said earlier it will continue enhancing its competitiveness in refining and the sales sector, shifting to high-end chemical business.

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The company reported net income of .9 billion in the second quarter, an increase of 31.2 percent year-on-year, although it has reported only one profitable quarter since going public in May 2014. JD posted a 4 million loss in its last quarter.

The company's stock lost 11.01 percent in early trading.

The company owes the significant jump in sales to its heavy investment in research and development.

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The company's devotion to the nation's sports industry can be traced back to 2011, when it launched its Future Football Stars program, which sends young soccer players to Spain for training.

The company just launched?a new cloud database service called DynamoDB, going public with technology that it has been using internally for?Amazon Cloud Drive, IMDb, Kindle, and the Amazon.com advertising platform.

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The company, a manufacturer of polyurethane equipment once located in Beijing's Daxing district, moved to Handan Ji'nan New Area in 2017.

The company－which oversees a range of businesses in China, from streaming video to smartphones to electric cars－missed its projections for 2016 sales in the US by a wide margin and is planning to cut more than a third of its US workforce, a person familiar with the matter said.