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The company now has services covering nearly 400 major cities across the nation with over 3 million offline business partners and 150 online e-commerce platforms, according to Chen.

The competition will focus on artificial intelligence, smart manufacturing and industrial big data, which are of vital importance to the province's industrial transformation and upgrading.

The company is holding a conference call this afternoon, and we’ll update this post with any new information.

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The company's business fits well with the national Healthy China 2030 initiative, because it provides healthy solutions to the aging and obesity problems, focusing on nutrition and promoting healthy lifestyles to help people to live healthier and happier, while the Chinese people have increasing spending capacities, according to Zheng.

The company, for instance, has leveraged its big data resources and prowess in data analysis to help Beijing to improve its monitoring of the flow of people.

The company received approval from Chinese top securities regulator earlier in June.

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The company is working to attract video lovers with its latest 5G handsets which feature anti-shaking cameras and the ability to shoot videos in dark conditions.

The company is expected to import over 1,000 tons of frozen fish from Kazakhstan this year thanks to the efficient customs clearance, according to Ye.

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The company will be participating in a project in East China's Jiangsu province. Applying its engineering expertise and experience in offshore operations, it will further develop its clean energy portfolio.

The company plans to mass-produce its driverless vehicles within four years.