The company, ranked 89th this year with an estimated value of .3 billion, is one of the largest home appliance companies worldwide and has acquired US-based GE Appliances, Fisher & Paykel from New Zealand, AQUA from Japan and Italy-based Candy.
The company said it spent 1.9 billion yuan in this aspect in the first nine months of this year, soaring 28.5 percent year-on-year.
The company has worked with Huawei, China's leading provider of information and communications technology (ICT) infrastructure and smart devices since 2005, said the spokesman.
The company said it will increase the number of its bikes to 750 from an initial 200 over the coming month in Hackney, hoping to provide a blueprint for ofo in the rest of the capital as it looks to address transport options for the "last mile" of travel.
The company is also starting to tout the application ecosystem on Kindle Fire, announcing earlier this week that Netflix, Rhapsody, Pandora, Twitter, Facebook, Plants vs. Zombies and others will be available. And it just announced that the 9 device will be available in?16,000 stores across the U.S. — including Best Buy and Target — starting on Nov. 15.
The company's net profit expanded by 21.35 percent year on year to 3.76 billion yuan during the same period.
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The company, a subsidiary of HNA Group, plans to open more air routes to tourist attractions, according to the report.
The company's 4G users increased by 45.05 million last year, bringing the total number to 220 million. The number of new fixed-line broadband users more than tripled to reach 4.34 million.
The company said it was brought into the C919 project at the very beginning and has been working with COMAC throughout the design, build and first flight stages of the jet.
The company hopes the optimized supply chain will better serve Chinese travelers' upgraded consumption, and strengthen China Eastern's competitiveness in the global market.