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The company has plans to reach 4,500 stores in the country by 2020 and this year is on track to add 430 new stores. The company continues to penetrate to lower-tier cities, with more than 50 percent of new stores located in third-tier cities, said Cheung. New stores in larger cities are inclined to be smaller, about 250 square meters, she added.

The civil protection authorities of Penjamo reported that the accident occurred at 1:30 a.m. local time (0730 GMT) on highway 90 connecting the town with the city of La Piedad in the neighboring state of Michoacan, when a tractor hit a minivan-type truck with those victims on board.

The company has been listed on Nasdaq since 2000. The move followed peer Alibaba Group’s massive secondary listing in Hong Kong in 2019. E-commerce player JD is planning on a similar strategy later this year.

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The committee met to consider the subpoena resolution after Nadler and five other Democratic House oversight committee chairs wrote to Barr, giving him one last chance to produce an unredacted Mueller report.

The company expects to continue to grow its international business in Asia, Europe and Australia to up to 25 percent of its total revenue by 2020.

The comments came after employees of SMIC Shanghai received Huawei smartphones last week with "Powered by SMIC" printed on the back.

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The collaboration with Da Dong showed the group's determination to raise its service to the next level, he added.

The company describes the B&R Initiative as "the most important and impactful global infrastructure program with the potential to become the blueprint for a new world trade order".

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The company also presented its Huawei Cloud Partner Network (HCPN), which has 291 partners in Latin America, including 80 in Brazil.

The companies saw their operating profit rise 31.4 percent year-on-year in the first three quarters, which was 8.6 percentage points higher than in the first eight months, according to the bureau.