The company said it was planning to open more than 500 new stores and depots (smaller warehouses) in China during the next five to seven years and revamp 200 existing stores in three years.
The company will help more than 5,000 merchants open their official stores on Tmall, and give 1,000 premium lectures covering catering, logistics and retail within next three years to help 10 million staff engaged in these industries enhance their digital operation capacities.
The company, founded just 14 months ago, has been called the “Uber of Trucking.” Convoy’s on-demand service matches?trucking companies with shippers that need to move?freight, like pallets of steel, for example. The startup built?a smartphone-based, Uber-like system that lets truckers find jobs in a matter of minutes without the traditional legwork required when using?a broker.
The company is eager to contribute to the deepening and opening of country's financial market and cooperating closely with local regulators and exchanges to enrich the market, Pu added.
The company will recommend products with excellent quality and reasonable prices to customers by utilizing big data technology and analyzing commodity sales, user ratings, brand influence and price information.
The company now makes 90 percent of its Chinese revenue through brand licensing and multimedia, with the rest coming from publishing. Its revenue from China is soaring at 20 percent year-on-year, making it the fastest-growing market worldwide.
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The completion of Dongming Tunnel, the longest high-speed railway tunnel in east China, laid a solid foundation for the Hangzhou-Shaoxing-Taizhou high-speed railway to be completed and put into service in 2021, the CRCC said.
The company will open more restaurants nationwide this year to speed up business expansion.
The company said in a statement on its Sina Weibo account on Monday that reviews of restaurants and eateries made up less than 3 percent of the user-generated content on the Mafengwo platform, which includes travel itineraries, diary entries and photo sharing.
The company will open a new 360,000-square-foot office in Manhattan next year, with room for 1,800 workers. The new office will house people working on Amazon Web Services, Amazon Fashion and Amazon Advertising. It will be the New York home base for Amazon Advertising, with teams focused on marketing, product, design, engineering and more.