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The competition in the cross-border e-commerce sector will be more intense, as more and more Chinese consumers tend to buy high-quality goods from overseas through online retailers, Mo said, adding each player wants to get a bigger slice of the pie.

The company's plans for local manufacturing is mainly driven by the fact that India levies 20 percent duty on imported devices.

The company launched online parenting classes via livestreaming after the Lunar New Year. It has joined hands with online medical platforms like Chunyu Doctor and WeDoctor to provide digital medical consultation services.

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The company noted that the number of tourists visiting Southeast Asian countries and regions related to the initiative in the past three years has grown between 10 and 15 percent annually.

The company which used to make high-end lidar products for drones, robots and railway systems, has developed a product that can be installed on trash cans.

The company says it now has more than 150 brands in the program. New Dash buttons include household, food and consumer?brands such as?Campbell’s Soup, Cascade, Clif Bar, Dial Liquid Hand Soap, FIJI Water, FoodSaver, Pepperidge Farm Goldfish Crackers, Hubert’s Lemonade, Lavazza, Mentos,?Nutiva, Puffs, Quilted Northern, simplehuman, Trident, and V8 Vegetable Juice.

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The comprehensive solvency ratio of the 178 insurers reviewed by a regulatory meeting stood at 247 percent by the end of Q2, up 1.7 percentage points compared with Q1, according to the China Banking and Insurance Regulatory Commission (CBIRC).

The company's success with raising funds at lower costs came as China has adopted a mix of measures to prop up credit support for the real sector of the economy, especially for small and medium-sized firms.

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The company plans to reopen its flagship store in London, which closed last February due to lukewarm sales. Bosideng said the reopening of the store is an important move for its brand strategy, as it looks to further expand into overseas markets.

The company is observing and studying the evolvement of China-US trade frictions and China's monetary policy responses.