The compensation will be collected by local governments as a kind of revenue, it said.
The company is bullish on prospects for agricultural drones as demand for such gadgets is huge and the whole industry is still in an exploratory mode.
The company logo of China's Sinopec Corp is displayed at a news conference, on March 26, 2018. [Photo/Agencies]
The company owes these achievements to its innovation breakthroughs. Its guidelines in response to the nation's "Made in China 2025" Initiative reduced its launch cycle and product cycle by 30 percent and 40 percent respectively, while raising its launch success rate to 95.6 percent, which is in line with the international standard. Moreover, the costs were lowered by around 20 percent.
The company’s digital assistant now has 10,000 skills — the voice equivalent of apps — that?third party developers have built for Alexa, which powers Amazon’s popular Echo devices.
The company in May 2011 founded a subsidiary in the southeastern European country. To date, its investment has hit .66 million in the country.
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The company's net profit last year plummeted by 252.88 percent year-on-year, suffering a loss of 6.98 billion yuan.
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 said its sales hit .4 billion for the fourth quarter of 2018, an increase of 1.0 percent compared to the fourth quarter of 2017.
The company said the pandemic has changed the consumption habits and lifestyles of Chinese people, who are more willing to return to their families and focus on the quality of life, personal health and food safety in the post-epidemic era.