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Approximately 50 percent of the net proceeds of this offering will be used for research and development of smart EVs and technologies, while 30 percent of the net proceeds of this offering will be used for marketing and expansion of sales channels, the company said in its prospectus.

Apple Inc's lower-priced iPhones are expected to intensify competition in China's smartphone market, but their inability to support 5G may leave some tech-savvy consumers disappointed, analysts said on Wednesday.

As China works toward manufacturing excellence, ambition and humility are both on display. Chinese companies have a genius for devising technologies that are cheaper, more adaptable and sometimes better than Western equivalents. The deepening digital ethos is creating fertile ground for titans and startups alike to come up with novel applications while disrupting traditional industries.

Arrivals and departures at train stations in Hubei, except Wuhan, resumed on Wednesday, according to China Railway Wuhan Group.

Apple reported late July its financial results for its fiscal 2020 third quarter with quarterly revenue of 59.7 billion U.S. dollars, an increase of 11 percent from the year-ago quarter while the net sales in the Great China region increased to 9.329 billion dollars. Its Wearables, Home, and Accessories unit brought in 6.450 billion dollars, a 16.7-percent growth.