The company, however, considers its brand awareness in China actually to be quite high, especially in cities like Shanghai and Beijing. It said it will continue to build a significant and sustainable business in the country, starting with a presence in local communities, hooking up with gyms and sports studios, and understanding where people get together to work out-rather than making a major push with heaving marketing or in television commercials.
The compensation application includes 8.01 million yuan for the wrongful ruling, 9.66 million yuan for mental anguish and 1 million yuan for medical treatment and other fees, according to his lawyer Qu Zhenhong.
The company hopes to have 300,000 electric cars in its rental business by 2020, which will help make it one of the leading new-energy vehicle leasing platforms in China, according to Gao Yu, CEO of Pand Auto.
The company's newly opened art gallery will be another step for the company to further enter into the art industry and thereby strengthening its corporate craftsmanship spirit, enlarging its cultural influence and improving the quality of its products, said Ling Zhenwen, CHO of Riverside.
The company says the new accessibility support for the Kindle iOS app gives broader access to features including text search, notes, bookmarks, X-Ray, and social media sharing. The app is available here for download or updating, and the VoiceOver feature can be enabled in iOS under Settings > General > Accessibility.
The company said its total investment for the acquisition would be 600 million pounds (3 million). For the proposed acquisition, it joined hands with its parent company — China Resources, forming a consortium.
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The company said the structural changes and new leadership would facilitate its "In China, For China" strategy.
The company's optimism on the Chinese market stems from the stock connect between the London and Shanghai bourses that was established last year. The Shanghai-London Stock Connect enables companies to float shares on both exchanges simultaneously via a depository receipt mechanism, a milestone in China's accelerated financial opening-up.
The company saw its earnings per share surge last year thanks to rising demand as a result of cutting excess capacity, according to its annual report.
The company is also planning to set up a large, high-end hospital in the city of Qingdao in Shandong.