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The company's success in Africa has been largely based on cheap feature phones, and it will focus more on smartphones, considering the rising purchasing power of the market.

The company reported 5.13 billion yuan in revenue in the first three quarters of this year, a 6.32 percent year-on-year growth. Net profit attributable to shareholders hit 152.97 million yuan in the period, up 5.95 percent on last year.

The company will continue to offer intelligent and customized air conditioners next year to meet the consumption upgrading. Its sales are expected to reach 15 million units within three years.

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The company said retailers soon may be able to send packages using Uber's service.

The company?claims?in its news release, “Amazon Fire TV now has more channels, apps, and games than any other streaming media player, and continues to have the fastest growing selection—now up 17x since the launch in April 2014.”

The company pledged more than 6.6 million square meters of the land as security for a loan of 300 million yuan from a bank, but more than 250 million yuan was not returned until the expiration, it said.

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The company said the United States is its largest overseas market and it has been working on a master plan to set up manufacturing facilities in major markets globally.

The company will replace the defective ignition locks free of charge. 

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The company's various e-commerce platforms like Tmall and Taobao, which covers over 500 million consumers, offered about 14.05 million jobs to online retailers in 2017, according to a report from the Renmin University of China.

The company’s stores are located in posh?neighborhoods, like Manhattan’s SoHo district, Boston’s Newbury Street and Sunset?Boulevard in Los Angeles, and they are off the charts successful.