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The company, which recently placed second among major carriers in Consumer Reports’s annual cell provider survey, has been trying to woo users with a variety of “Uncarrier” moves. It is clearly hoping that offering steep discounts will help lure customers on this holiday weekend.

The compensation includes 3.39 million yuan for Zhang's wrongful detention and 1.57 million yuan for his mental anguish, according to a decision by the Jiangxi High People's Court.

The company reported a 12.3 percent dip in global sales for the month of September. Much of that came from a 46 percent fall in sales in China, JLR's largest single market, accounting for around one-fourth of overall sales.

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The competition among online retailers will focus on logistics, supply chains and new technologies, Cao said, adding that e-commerce players should expand their offline consumption offerings and apply more cutting-edge technologies.

The company will instead "prioritize growth in viable markets and support alternative transportation and allow us to continue to serve our customers", Daley added.

The company, which will be paying billion in repatriation tax, said net income rose to .07 billion, or .89 per share in the first quarter, from .89 billion or .36 per share, a year earlier.

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The company said it hoped government authorities or third-party organs would conduct thorough examinations of its products so as to wipe out any possibility of the alleged privacy breach.

The company received over 3,800 purchase demands in various goods categories from 102 local governments across China, with total volume reaching 220 million pieces or sets.

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The company's growth in China has been rapid in the past three years. It announced the opening of a new Asia-Pacific headquarters at the Shanghai Free Trade Zone in 2018, and launched a Steinway gallery in Beijing's Shunyi district, aiming to gain higher market shares in North China.

The company will bank on a network of internet celebrities to promote different merchandise to users of various nationalities. Social media personalities will become skilled at converting their influence into cash while helping to boost merchants' revenue, Wang noted.