The company will raise fund to build houses and apartments, develop the Baiyangdian water area, and to build transport links, energy infrastructure and public facilities in Xiongan.
The company said it has been involved in the development of seven mobile applications that have more than 10 million monthly active users in Africa.
The company is also placing bets on Chinese consumers' surging interest in cheese. Cheese was not commonly consumed in China but has seen strong market potential due to the rising popularity of Western cuisine and innovative dining options such as cheese hot pot and milk tea with cheese topping.
The company said meat products would be regularly imported to Chongqing in the future. The imported shipments will enter surrounding markets through the city's railway, highway and other logistics channels.
The competitive landscape for Chinese brands meant some brands were unable to maintain their rankings within the Top 100. In China, 28 brands had exited the BrandZ China Top 100 rankings over the past five years, versus 17 from the Global Top 100, it said.
The company's annual output is expected to account for more than 45 percent of the domestic market of dynamic random access memory products. It will support the South Korean company to consolidate and enhance its leading position in the industry. It will also help Wuxi foster an IC industrial cluster and build itself into a key hub in China's semiconductor sector, local officials said.
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The company's sales ranked first among the world's top battery producers in 2017, according to an analysis conducted by Shenzhen Gaogong Industry Research Co. So far, the company has set up branches in France, the United States, Canada and Japan.
The company's footprint has expanded to Central Sulawesi where they run a giant tiger prawn farm and to North Sulawesi where they plant konjak, a perennial plant with an edible corm.
The computerized command post military exercise has been denounced by the DPRK as a rehearsal for northward invasion. The scale of this year's war game was smaller than last year's.
The company's flagship Youdao Dictionary, launched in 2007, is China's No 1 language app in terms of MAUs in the first half of 2019, which hit a striking 51.2 million, according to research and consulting firm Frost & Sullivan.