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The competition, which was held for the first time this year, saw 10 innovation projects covering artificial intelligence, robotics and the internet of things entering the final round held on Tuesday. Beijing LuxCreo Technology Co Ltd, a 3D printing specialist, won the first prize.

The company still managed to register solid growth in the first two months this year amid the outbreak of the novel coronavirus. For the two months ending on Feb 29, the business volume of Foliday's resort operations increased 8 percent year-on-year and its EBITDA was up 20 percent from a year earlier.

The company's breeding base is in Yangqu county, which is at a high altitude and has a climate similar to conditions in the Andes, Deng said.

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The company, which is listed on the National Equities Exchange and Quotations, China's equity trading system oriented for small and medium-sized enterprises, posted a net loss attributable to shareholders of 17.97 million yuan for last year.

The company rolled out a string of measures to help online merchants alleviate pressure caused by the tough situation resulting from the pandemic. It will empower 1 million merchants on the platforms to upgrade their digital solutions, with commission fees to remain 3 to 5 percent lower than the industry average.

The company raked in 721.2 billion yuan in global sales revenues, spending 14.1 percent of that in R&D. Total R&D investment by the company in the last 10 years has surpassed 480 billion yuan, according to Huawei's 2018 annual report.

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The company’s stepped-up climate strategy follows repeated and ongoing calls for leadership made by Amazon employees themselves.

The comparison bases were high from May to October last year, driving down PPI readings for corresponding months this year. Starting in November, the base effect is expected to be phased out, he said.

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The company plans to build up a 40-plane Amazon Prime Air fleet to supplement cargo transport services provided by the likes of UPS and FedEx.

The complaint was filed by South Korea on Feb 14, challenging anti-dumping duties of up to 60.81 percent that the US imposed on South Korean steel products and transformers in May 2016.