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The company has decided to stop production at its only TV factory in China by the end of November. The decision is part of ongoing efforts to enhance efficiency in its production facilities, the South Korean tech giant said in a statement.

The company has signed two strategic partnerships this summer with leading Chinese battery company CATL and up-and-coming company Farasis for co-R&D, supply and to lower the cost of the battery cell technology.

The company has also launched a mobile phone with a front camera which can recognize faces according to the entire facial features, so that the African consumers can make better selfies.

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The company also posted a 0 million charge on its Fire Phone, largely seen as a bust to date.

The company also launched Little Big City Beijing in August. The venue is the second of its kind after the opening of Little Big City Berlin. Using special effects and miniature models, the attraction takes visitors on a tour of 1,000 years of Beijing's history, including seminal events like the invasion of Genghis Khan's Mongol army in the 13th century and the grand wedding of China's last emperor.

The companies involved in the project are among the earliest to respond to the Belt and Road Initiative.

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The companies will be allowed to raise up to 6 billion yuan (0 million), China Securities Regulatory Commission (CSRC) said in a statement Friday.

The commercial meteorological service output was only 0 million in 2015, and, according to a report by the China Meteorological Administration (CMA) and the National Bureau of Statistics (NBS), the value of a customized meteorological service in China would surpass 200 billion yuan.

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The comments came after President Xi Jinping unveiled his vision for globalization and efforts to promote opening up during the Boao Forum for Asia held in April.

The company has been growing steadily in China, with its revenue more than tripling from 2015 to 2016. It delivered 13,500 cars in the first nine months of 2017, more than double from a year earlier, according to statistics from the China Passenger Car Association.