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The complaint, filed in the U.S. Southern District Court of New York, claims the retailers are selling products that illegally sport the group’s brand or logo. Run-DMC is seeking million in damages plus attorney fees.

The company's shares have been witnessing robust trading on the bourses recently.

The company said the fast spreading novel coronavirus pandemic has hampered the production of major overseas wineries, and the imported wine business in China has suffered a setback. International shipping and logistics companies also suffered severely. They have constantly lowered their frequencies of voyages and raised transportation costs.

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The company says it now commits 10 percent of its annual revenue to R&D.

The company's iQOO, a niche brand set up last March to target young users, rolled out a flagship handset series iQOO 3, which supports both standalone and non-standalone 5G networks and empowered by Qualcomm Snapdragon 865.

The company said China is home to some of its most innovative, efficient and profitable stores. “Starbucks’ newest class of stores in China are delivering the highest average unit volumes, return on investment and profitability of any of the market’s prior store classes in its history,” according to the company.

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The company said BMW has determined its four major pillars for success in China－localization, innovation, opening-up, and high-speed transformation, and the company recognizes them as "must-win fields".

The company will upgrade its middle-end medical insurance product with an insurance amount above 1 million yuan (5,150) to cover more people aged between 61 and 65, she said.

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The company's iQOO, a niche brand set up last March to target young users, rolled out a flagship handset series iQOO 3, which supports both standalone and non-standalone 5G networks and empowered by Qualcomm Snapdragon 865.

The company used to invest heavily in market expansion at home and abroad, leaving less room for refined management and maintenance, said Raymond Wang, a partner at the consultancy Roland Berger in a China Daily report.