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The company's bonded imports value in 2017 was four times of that of 2016, according to Li.

The company's gross merchandise volume for the three months achieved a year-to-year growth of 21.7 percent, and reached 47.6 billion yuan.

The company is also seeking contractors to renovate workshops in a passenger car production facility in Hangzhou, Zhejiang province, for the same purpose.

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The company's team has not only absorbed licensed technologies from Qualcomm, but also worked out the customized encryption algorithm according to China's security standards, Wang added.

The company is looking to have a software development kit out soon so that it can share with content and game developers, meaning that it is an open platform which they can leverage to customize other services.

The company, also known as CGN, will keep coming up with another 3 million kW of newly added installed capacity annually during the next five years, and total installed capacity of CGN's new energy in the country will exceed 40 million kW by 2025, said Li Yilun, general manager of CGN New Energy, a subsidiary of CGN.

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The company will open operations in key cities and regions in 2018, with China projected to be the largest tourist source country for Airbnb by 2020.

The company is increasingly relying on its own logistics infrastructure as?shipping costs continue to spike?with?growing demand, particularly from Prime members who expect free 2-day shipping and access to Amazon’s 2-hour Prime Now delivery service. If USPS increases its rates, it could compel Amazon to accelerate?development of its private shipping business.

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The company, since its founding in 2016, quickly gained attention from consumers, with a presence in 53,286 convenience stores across China and the support of 131,375 offline retailers while expanding to more than 11 overseas markets.

The company, based in Shanxi province, claims wide-ranging expertise in metals and sees itself as a leader in the process of industrial upgrading.