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The company is available to its Chinese members, via WeChat, 24 hours a day, and recently hired an island in Dubai and arranged a wedding in Antarctica for Chinese clients.

The company－which oversees a range of businesses in China, from streaming video to smartphones to electric cars－missed its projections for 2016 sales in the US by a wide margin and is planning to cut more than a third of its US workforce, a person familiar with the matter said.

The company is showing more than 50 products in three major categories - consumer dairy, specialized nutrition and ingredients - at its booth at the expo in Shanghai. Its Friso infant and toddler formula has been popular in China since its debut in 2008, and it has introduced other infant formula brands since then.

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The company posted a revenue of 552.2 billion yuan (.8 billion) and profit of 34.53 billion yuan in 2019. It also topped the steel sector in terms of business scale and profitability worldwide and was ranked 111th in the latest Fortune Global 500 rankings.

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's poor sales record was attributed mainly to the 737 MAX crisis, after two MAX jets were involved in two fatal crashes in October 2018 and March 2019. The two crashes killed a total of 346 people in Indonesia and Ethiopia.

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The company posted net profits of 1.94 billion yuan (6 million) in 2017, up from 76 million yuan in 2016. Its revenue was 68.7 billion yuan in 2017, up 23 percent from a year earlier.

The company is taking the step to further reduce the cost of lithium-ion batteries and serve the fast-growing Chinese market for electric vehicle batteries and stationary lithium-ion batteries.

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The company raised 0 million in its latest fundraising round last week. Led by SoftBank's Vision Fund 2, the fresh funding round attracted top investors like Sinovation Ventures and Enlight Growth Partners.

The company plans to send about 20 microsatellites to space this year and explore more areas in the field of remote sensing and internet of things.