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The company said a total of about 20.6 million railway trips were made during Sunday and Monday, the first two days of the holiday, a year-on-year increase of 549,000 trips.

The company's related bonds were also heavily hit. Its two bonds issued at the Shanghai Stock Exchange both dropped more than 8 percent on Thursday. Its US dollar bond due by 2023 shed a 27 percent on Wednesday, hitting a record high.

The company is undergoing a two-stage mixed ownership reform process.

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The company's beers have now been exported to more than 40 nations and regions worldwide.

The company in November posted a third, straight quarter of profit growth as its data center unit posted much-reduced losses of million, allowing it to say it was on track to be a "sustainable, profitable growth engine."

The company is confident it will create at least 500 local jobs by the end of 2017.

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The company is located in Dazhangzhuang village, Anxin county, Baoding, which is a less developed region in the central part of Hebei province.

The company's iQOO, a brand set up to target young users last February, rolled out the iQOO Neo 3, which comes with a super-fast display and a big battery with fast charging.

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The company still relies on traditional mail to deliver most packages, but Amazon has been experimenting with its own methods, including?bicycle?couriers,?Amazon Fresh delivery trucks, drones and an Uber-like crowdsourced delivery system.

The company's increasing use of the internet of things and its subsequent growth have managed to offset the impact of the sluggish garment retail sales in China on the sector's fortunes.