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The comprehensive index of entrepreneurship and innovation, a gauge used by the bureau, was at 111.4 in 2017, up 11.4 points year-on-year. The index measures policy environment, resources such as capital and talent, market vitality, patent numbers and growth powered by new forms of economy.

The company launched its shared bikes, an innovative solution to address consumers' short-distance travel demand, in April last year, and now has had daily riders of 20 million people.

The company provides facial recognition and other AI technology to governments, financial institutions and companies including Ant Financial, Lenovo and Xiaomi.

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The company's rental income reached 818 million yuan, up 17 percent year-on-year, according to the interim report. And the average occupancy rate for investment property under lease achieved about 97 percent, except for one center that just started leasing in Shanghai.

The company said its customer-to-business operations have contributed a lot to its sales performance.

The company, which received 3 billion yuan in total investment, will cover an area of 4.4 hectares and is expected to produce 550 million tablets, 1.1 billion capsules, and 75 million vials per year.

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The company's revenues increased to .7 million for the year ended Sep 30, 2017 from .7 million for the same period a year ago, while its net income increased to .5 million for the year ended Sept 30, 2017 from .3 million a year ago.

The company's roots began in 1902 when James Cash Penney started a dry good store in Kemmerer, Wyoming. The retailer had focused its stores in downtown areas but expanded into suburban shopping malls as they became more popular starting in the 1960s. With that expansion, Penney added appliances, hair salons and portrait studios.

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The company is the first in China to develop the convalescent plasma treatment for patients suffering the disease, using blood plasma taken from convalescents, and China's National Health Commission has issued guidelines on use of the convalescent plasma treatment.

The company provides surveillance systems to schools, businesses and transportation systems in several countries, investing up to eight percent of its annual revenue in research and development in China and North America.