The company will continue to coordinate with plants in 58 regions in the country to resume the production of medical supplies. The first batch of 3.3 million masks will be sent to Wuhan through three "green passages".
The company said it will inject a 100 million yuan (.1 million) seed fund targeting startups in China, fostering innovation in realms across healthcare, life sciences and performance materials, all of which are closely related to Merck's core and relevant businesses.
The company strives to improve production efficiency, lower production cost, enhance manufacturing environment, as well as increase the competitiveness and added value of TCM, company executives said.
The company said a fall in the value of the pound following the referendum decision for Britain to leave the European Union attracted overseas investors scouting opportunities across multiple sectors, including early education.
The company markets its products to wire producers, and the end products are used for home appliances, automobiles and machines.
The company’s “Prime Now” one-hour delivery service now includes?items like bacon, yogurt, cheese, milk, and frozen berries for customers in New York City who can access a?‘Frozen & Chilled’ section via?the Prime Now mobile app.
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The company's online consumer finance platform,Fenqile, offers personal installment loans, installment purchase loans and other loan products. The company also offers a variety of products on its e-commerce channel, which allows customers to use their credit lines to finance purchases.
The company is cooperating with local partner 21 Vianet Group Inc to offer cloud services in China. The deal allows Microsoft to comply with local regulations, which only allows Chinese companies to run data centers in the country.
The company said it continues to hold the leading advantage in the new energy vehicles market. In the first half of this year, the company sold 54,000 new energy vehicles, surging 78.5 percent year-on-year, and the market share ranked at the top spot in China and third in the world.
The company's mobile subscribers reached 303 million last year, a net increase of 53 million. The number of 4G subscribers hit 242 million, a net increase of 60.4 million.