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The company was faced with the patent to its pants expiring in 1890, so it developed a logo to be sewn on the back of its pants to identify them: the image of two horses, each pulling in the opposite direction on the same pair of jeans, trying in vain to tear them apart. The pants were called "The Two Horse Brand" until 1928, when the company adopted its Levi's trademark.

The company intends to phase out co-branding in the next few years. Tong said, "Many customers want to cooperate with us on OEM basis and we don't agree on that."

The company, located in Chashan township in Dongguan, started to integrate its business and focus on manufacturing soccer balls in 2014. Its products have been exported to Europe, the United States and the Middle East.

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The company plans to build a science research and innovation center in Nansha, part of the Guangdong Pilot Free Trade Zone.

The company's newly appointed executive chairman, Andrew Khoo Boo Yeow, confirmed to the Press Association that the company will close a quarter of its 160 UK stores, having already shut eight this year.

The company only has such arrangements with governments of Britain, Canada, and Germany, said Catherine Chen, Huawei's board member and senior vice president, at a media roundtable in Brussels.

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The company was created by Kevin O’Connor, who previously founded DoubleClick, which eventually sold to Google for .1 billion.

The company said the sales from JD Super – its online supermarket -- increased 500 percent in the first 10 minutes of trading on June 18, compared with the same period last year, with more than 2,000 brands witnessing their transaction volume jump 100 percent year-on-year.

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The company said the move is an effort to resolve the financial strain and supply chain problems it faces, with stakes sought in Faraday Future, Lucid Motors and LeSEE, among others.

The company plans to open around 100 restaurants in China to bring the total number to 360 by the end of this year, Wang said. In the next three to five years, Domino's Pizza will have around 1,000 restaurants in the country, most of which will be located in first-and second-tier cities, she said.