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The company now offers a range of other services, including translation, interpreting, market research, public relations, recruitment, and business logistics.

The company said it is in “advanced talks” to set up pilots of its technology with several retailers. The technology uses machine vision and artificial intelligence to identify each item and detect when items are picked up, put back or left somewhere else in the store.

The company pledged to be carbon neutral by 2040, a decade ahead of the deadline set by the Paris Accord. Amazon plans to use 80 percent renewable energy by 2030. The company is investing heavily in renewable energy sources, like wind power.

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The company's recycled products including cement and bricks have passed quality tests and have been exported to countries including Pakistan and Kenya.

The company plans to invest billion in artificial intelligence between 2020 and 2022, with China a main target market in which the company sees huge demand on the back of the nation's emphasis on artificial intelligence growth, especially in big cities like Beijing, Shenzhen, Guangdong province, and Hangzhou, Zhejiang province.

The company is also driving innovation in a "in China for China" manner, and believes that "domestic industries in combination with international industries" are the right way of doing it.

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The company said the structural changes and new leadership would facilitate its "In China, For China" strategy.

The company said its tunneling machines had notable advantages over traditional excavators because they were safer, faster and more convenient. They can operate totally underground, without disturbing traffic above. Moreover, they freed up staff from dangerous work.

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The company provides facial recognition and other AI technology to governments, financial institutions and companies including Ant Financial, Lenovo and Xiaomi.

The company will replace the faulty engine parts for free. The recall will start on July 31.