The company launched "Taobao Collection" site on Lazada platform that helps Chinese vendors to sell goods in Singapore and Malaysia. By the end of this year, the site will open in Indonesia, Thailand and the Philippines.
The company's net profits totaled 18.71 billion yuan (about .81 billion), up 1.7 percent year-on-year, the company said in a statement.
The company, based in Guangzhou, , capital of Guangdong province, recently signed strategic cooperative agreements with several leading home appliances makers and kitchen equipment providers to provide one-stop renovation service for Chinese families.
The company said that as an important energy supply node for the geometric center of the Pearl River Delta region, the project not only guarantees the power supply for the Guangdong-Hong Kong-Macao Greater Bay Area, but also provides central heating and cooling services for numerous enterprises in the industrial park on Lisha Island.
The company is preparing its own ballot initiative, which would "enact stronger regulation and enforcement rather than prohibition," Kwong said.
The company will invest more in robots and smart automation to improve quality and tap the growing labor cost.
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The company's investment in charging station projects climbed from 2.79 million yuan (6,000) in 2016 to 280 million yuan in 2018.
The company sold 611,502 cars in the first month of 2019, down 14.13 percent year-on-year.
The company is also negotiating with Qatar, the United Arab Emirates and Malaysia for LNG purchases, aiming to ensure LNG supply, especially in the winter when the clean fuel is in short supply.
The company officially unveiled eight liquor and tobacco duty-free stores spanning 3,400 square meters at Hong Kong International Airport on Thursday, in a joint venture with French travel retailer Lagardere Services under a new brand of Duty Zero by CDF.