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The company worked with local governments to set up new service centers in the counties, which have lowered logistics costs for the products and added a price advantage, said Ye Feng, vice-president of YTO Express.

The company set up its Asian headquarters and production base in North China's Hebei province as China is an attractive market, said Li.

The company said that China's enterprises need to further develop communications and cooperation with foreign companies, especially those in the high-end shipbuilding and upstream sectors.

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The company will receive more than billion in tax credits and other incentives. New York is forking over more than .5 billion, while Virginia and Arlington are offering about a third of that — 3 million. The hope is that Amazon will attract other companies and ultimately boost the local economies. But while many see it as an opportunity, not everyone is sold on the idea.

The company received over 3,800 purchase demands in various goods categories from 102 local governments across China, with total volume reaching 220 million pieces or sets.

The compensation decision made by the Jiangxi High People's Court includes about 3.39 million yuan for Zhang's wrongful detention and 1.57 million yuan for Zhang's mental anguish, said Luo Jinshou, Zhang's lawyer.

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The company is the largest Chinese healthcare company with core businesses spanning distribution and retail of medical products to scientific research and medical manufacturing. It established a special committee on Jan 22 this year to coordinate the related work in tackling the epidemic according to the evolving situation.

The company said it has "taken extreme measures to keep people safe, tripling down on deep cleaning, procuring safety supplies that are available, and changing processes to ensure those in our buildings are keeping safe distances."

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The company opened an animal nutrition and health premix plant in Hunan province recently.

The company invested billion last year to the project.