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The company intends to ship the new product at a rate of between 10 and 20 million metric tons a year, ramping up to 40 million tons by the end of 2020.

The company's net revenues surged 67.7 percent year over year to .9 million for the six months ended June 30.

The company's three business divisions - healthcare, life sciences and performance materials - have a strong market presence in China. Last year, Asia-Pacific accounted for one-third of its global market, with an average annual growth rate of 8 percent, while the China market grew at an average annual rate of 18 percent with total revenue reaching 1.9 billion euros (.13 billion).

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The company’s rapid growth has become a source of tension at times in the city, putting new stress on the transportation infrastructure and the housing market, but the tour highlighted the positive implications of Amazon’s decision to expand in Seattle rather than the suburbs.

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 said it took only the last two years for its new cartoon series Super Wings to become a global hit across more than 70 countries and regions, especially in Indonesia, Turkey, France and the Middle East.

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The company said on its official social media Weibo account that Liu has been falsely accused. "During a business trip to the United States, Mr. Liu was questioned by police in Minnesota in relation to an unsubstantiated accusation," it read.

The company said it also faces many restrictions when developing overseas markets. It needs to consider market growth potential, cultural differences, and laws and regulations.

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The company will also record entire rides made using web-hailing services, starting from Saturday.

The company started building its second flexible AMOLED production line in Hefei, Anhui province, in December 2018.