The company's expansion into Germany aims to integrate its global technological resources and marks a new start in the innovative research of distributed energy technologies.
The company's premium income increased by 11.9 percent year-on-year to 272.4 billion yuan during the period.
The company said apparel sales fell 23 percent, footwear revenue dropped 28 percent and accessories dropped 17 percent compared with the same period a year ago.
The company's approach is to bring equal opportunities to the "little guys" and "underserved" that lack access to conventional financial services, Qi said.
The company still hasn’t made any kind of formal announcement, but now the locker initiative appears to be getting more visible, in multiple ways. More people are now seeing the locker delivery option when they check out, and there’s even?an official FAQ.?Amazon also appears to be putting the delivery lockers in more cities.
The company said it will not look for another site for a second corporate headquarters to complement its Seattle home base: "We will proceed as planned in Northern Virginia and Nashville (Tennessee), and we will continue to hire and grow across our 17 corporate offices and tech hubs in the US and Canada."
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The company used to invest heavily in market expansion at home and abroad, leaving less room for refined management and maintenance, said Raymond Wang, a partner at the consultancy Roland Berger in a China Daily report.
The completed turnover of foreign contracted projects in B&R countries was .89 billion, down 4.4 percent from the same period last year, accounting for 54.7 percent of the country's total completed turnover of foreign contracted projects.
The competition, which was held for the first time this year, saw 10 innovation projects covering artificial intelligence, robotics and the internet of things entering the final round held on Tuesday. Beijing LuxCreo Technology Co Ltd, a 3D printing specialist, won the first prize.
The company's major overseas markets, including the United States, Europe and the Asia-Pacific region, witnessed a component shipment increase on a yearly basis of more than 100 percent, said the Xi'an-based company, which is also the world's largest supplier of monocrystalline silicon.