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The company’s publishing initiative has taken on added importance as the Amazon?starts to offer Kindle e-books through its Amazon Prime subscription service, putting it at odds with some of the largest book publishers.

The company's Rural Taobao arm is training Taobao assistants in villages and building logistics branches in rural areas, says Li Tianyu, a project manager at Rural Taobao. It is also promoting agricultural products on the front pages of online shopping websites, providing unsecured loans for farmers and analyzing big data to provide feedback to help farmers to improve production efficiency, says Li.

The company's announcement came on the same day its subsidiary, China Mobile Logistics, unveiled a major plan to cooperate with leading logistics companies, including SF Express and DHL, to strengthen its business.

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The company's interim financial report said the company gained 2.82 billion yuan (4 million) in revenue in the first half of this year, representing a year-on-year growth of 5.6 percent. Revenue from its education business hit 1.14 million yuan, having soared 40.3 percent year-on-year.

The company is now feeling the pinch of competition from other Chinese leading brands like Oppo, Xiaomi and other less-known Chinese smartphone brands, Chowdhury added.

The company will finish drilling 255 horizontal wells by the end the year, forming an annual crude oil production capability of 1 million tons.

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The company, which had 15 percent of sales last year related to China, is on course to "invest quite significantly" in the country for the next three years, Aspell said.

The company says it is examining possible data falsifications going back 10 years.

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The company sold 508,600 vehicles in 2017, a growth rate of 37 percent year-on-year. In the first two months of 2018, GAC Motor sold 95,136 cars, a 20.3 percent rise from the same period last year.

The company's research and development team noted that it only takes 55 hours for the new calcinator to calcine compound mica, which is two thirds of the original process. Besides, it saves production costs by roughly 10,000 yuan (,490), and raises the raw material utilization rate to 95 percent, greatly improving the quality of compound mica. Current calcining experiments showed that the produced compound mica flakes have no impurities, contain good flexibility and are in thin sheets, which can significantly lower the post processing cost.