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The company said it is making "good progress" as well on developing a cobalt-free lithium-ion battery - a goal of battery producers aiming to eliminate the pricey and increasingly scarce mineral.

The competition in China's robot vacuum cleaning sector is expected to intensify as high-tech companies are strengthening technological innovation and upgrading software to make the products more intelligent, owing to the rising demand from Chinese consumers for high-end products.

The company’s quarterly earnings report today shows Amazon blowing past the 100,000-employee mark with 109,800 full-time and part-time employees on its books worldwide as of Sept. 30. That’s an increase of?more than 12,000 employees from the second quarter.

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The company's approach is to bring equal opportunities to the "little guys" and "underserved" that lack access to conventional financial services, Qi said.

The company plans to list on the New York Stock Exchange under the ticker symbol "MNSO", with major outside shareholders HH SPR-XIV Holdings Limited and Tencent Holding Ltd, which own 5.4 percent of stock share each.

The company was also simultaneously prosecuted for the same charge, the procuratorate added on its website.

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The company said it finished the quarter with billion in cash and cash equivalents, the highest in Tesla's history to date.

The company is also striving to coordinate with multiple sides to maintain the supply of industrial production materials, and logistics services, so as to ensure the sustainability of businesses, YMTC said in a statement.

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The company said its sales hit .4 billion for the fourth quarter of 2018, an increase of 1.0 percent compared to the fourth quarter of 2017.

The company is expanding its product portfolio, including televisions, smartphones and other high-tech hardware devices, as well as putting more efforts into artificial intelligence.