The company said it is deploying a regional data center in Johannesburg, South Africa, from which its cloud services can cover neighboring countries and regions. More data centers are also in the pipeline to extend its reach in the continent.
The company posted a net loss of 2.62 billion yuan (0 million) for the first quarter of this year, 71.36 percent more than the same period in 2018.
The company managed to transport construction workers into Wuhan after inspection, and they were all isolated for 14 days before returning to work.
The company will invest more than 700 million yuan (3.7 million) in the center, the largest investment by Walmart since it entered the Chinese market 22 years ago.
The company produces an average of 15,000 tons of solid biofertilizer and 16 million kilowatt-hours of electricity each year.
The company's stock price seemed to be undervalued in Hong Kong, which indicated that people's confidence in the real economy has been undervalued, Li explained. The company's return to the A-share market will bring more confidence to investors and industries, he added.
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The company made 274 million yuan (about million) net profit in the first three months, up 88.3 percent year-on-year, according to its first quarter report released over the weekend.
The company is planning to go public so exact figures for the first half has not been released per disclosure rules.
The company, based in Chicago, is the largest US exporter and one of the nation's largest manufacturing companies. Its stock is one of the 30 blue-chip companies tracked to compile the Dow Jones Industrial Average.
The company will replace the faulty parts free of charge.