The commerce chief pointed out that Hong Kong is an international metropolis; the special administra-tion region would never impose trade barriers with a "bully mental-ity". Yau said that although cities such as London and New York are regarded as Hong Kong's competi-tors, he believed there is ample room for fruitful cooperation among the cities.
The company had discussed these plans with Light Be for more than a year. NWD plans to give 1 million square feet of land to Light Be to develop affordable housing if necessary; the remaining 2 million square feet of land will be donated to the government and other social enterprises.
The company aims to transform some of its high-tech capabilities, such as VR, augmented reality, artificial intelligence and live streaming, "into a new tool that can help the young, the active members of the interconnected world in which we live, to explore our wonderful planet," said Xian.
The company has strengthened its partnership with Tsinghua University, extending the tenure of the Tsinghua-Rio Tinto Joint Research Centre for Resources, Energy and Sustainable Development for another five years, according to Jean-Sebastien Jacques, Rio Tinto's chief executive officer.
The company has not yet decided whether to go forward with the concept, though those who signed up to be Wal-Mart delivery drivers could get a discount on shopping as payment.
The company achieved a sales volume of over 379.67 billion yuan (.24 billion) last year, and operating revenue of over 270.31 billion yuan, and a net profit attributed to shareholders of the parent company of more than 11 billion yuan, according to its 2019 financial report.
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The company also was fined 29,000 yuan (,200) for violating laws and regulations.
The company also used unmanned aerial vehicles, which are better known as drones, to deliver packages in Xi'an, capital of Northwest China's Shaanxi province, during the June 18 shopping festival in 2017.
The company has found inspiration from health-conscious travelers by expanding the presence of its EVEN Hotels brand, which emphasizes lifestyle and health concepts.
The company has opened air sightseeing tour routes in scenic spots such as Badaling section of the Great Wall and Putuoshan Scenic Area, with GA8s running the routes.