The company said it would continue to grow its business before the provision took effect, adding that the provision would not affect private BYD costumers or state projects that did not use federal transit money for their purchases.
The company said it handled 64 million passenger trips in the Jan.-June period, up 8.6 percent year-on-year, and it realized a continuous safe flight operation of 1.2 million hours.
The company said it will ramp up resources to explore opportunities in energy, transportation, public utilities, radio and television and other sectors that internet of things technology will revolutionize.
The company in January announced it would acquire 8.61 percent of the issued shares of Leshi Internet, 15.71 percent of Leshi Pictures, and 33.5 percent of Leshi Zhixin, with total capital of 15.04 billion yuan. All payments had been made to LeEco. According to the company, the investment would not result in any change in total assets, total liabilities or net assets of the group.
The company noted that reaction to the new 9.99 Echo Spot was “incredibly positive”; the bedside device is already sold out for this holiday season.
The company is based in the populous, largely French-speaking province of Quebec, where Trudeau's Liberals lead in the polls but say they need to win more seats to have a chance in the October election.
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The compound annual growth rate of the country's entertainment and media industry will reach 5.2 percent from 2020 to 2024, which is higher than the global rate of 5.1 percent, the report said.
The company, based in East China's Zhejiang province, raked in 92.76 billion yuan (.7 billion) in revenue last year, up 73 percent year on year, while its profit surged 108 percent to 10.63 billion yuan.
The company, a subsidiary of Hainan Airlines, said that the captain had violated operating procedures and air safety regulations, and that the company would improve safety measures to prevent a similar incident.
The company said the product structure of white spirits has changed with top-end liquors becoming popular. In the first quarter, liquors priced more than 300 yuan net-ted 707 million yuan, up 68 percent year-on-year, accounting for nearly half of the company's total revenue.