The commission-among China's first arbitration agencies-was established in August 1995. Last year, it handled 13,955 arbitrations, including 261 cases involving foreign companies, an increase of 66 percent year-on-year.
The commissioner added that they also attach great importance on protecting Macao people's overseas interests, such as assisting the SAR government in evacuating Macao passengers stranded on the "Diamond Princess" cruise ship, and providing consular protection and services for overseas Macao students.
The company filed an application for state compensation to the SPC's compensation committee in 2015, and after a court hearing with SPC Vice President Tao Kaiyuan as the chief judge, the committee ruled that the local police should return the funds confiscated previously and pay interest totaling 830,000 yuan.
The collaboration involved the integration of analytics from Mars' consumer research, the 500 million-plus users of Alibaba's online marketplaces and a customer survey aimed at finding a new flavor to bring to the market.
The company has shown that it’s not afraid to take on large local competitors when it moves into a particular space. Amazon currently runs MyHabit, a standalone site that offers daily deals on high-end fashion, in direct competition with Nordstrom.
The company aims to increase penetration of health services for its clients, according to Ma. The aim is to become a leading health security integrated service provider in China with its strong client resources and sales channels, and experiences in social public medical security sector, Ma added.
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The company also unveiled a new brand for its AI home appliances, COLMO, an initiative to respond to consumer demand by leveraging its technical strength and consumer insights.
The comments came after the State Council rolled out a set of policies on Tuesday, including tax breaks and financing support, to buoy the growth of the integrated circuit and software sectors. The State Council said chip companies of all ownership types, including foreign enterprises, that set up in China can benefit from the new policy incentives.
The company also allows clients to take a car from one place and return it to another, providing more convenience for users.
The company has spent around 3 million yuan to 5 million yuan on R&D in the last few years, he said. In 2018, it embarked on the mixed-ownership reform path and its annual profit has since averaged above 100 million yuan.