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The company, with its courier business volume up 43 percent from a year ago, attributed the expansion to the lasting boom of the e-commerce sector as well as the improvement of its courier services, according to Shanghai Securities News.

The company is aiming to open 1,000 new retail outlets by the end of this year to reach more consumers and boost its digital connections.

The company said the investment will be dedicated to expanding its technology, including operating system, servers and chips, as well as build more data centers on top of its existing network covering 21 countries and regions globally.

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The company will expand its current plants in India as well. Color TVs, refrigerators, washing machines, air conditioners and television set-top boxes are expected to be manufactured in the future, given India's more than 1.3 billion population that promises huge business potential.

The company said its fuel consumption is no more than 90 kilograms of standard coal for each metric ton of secondary lead it extracts, while many of its foreign rivals consume 300 kg.

The complex will cover a total area of 430,000 square meters when complete, among which 120,000 sq m will be devoted to over 300 retailers for clothing, catering, entertainment, education and sports.

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The company said it hoped government authorities or third-party organs would conduct thorough examinations of its products so as to wipe out any possibility of the alleged privacy breach.

The company saw total property sales on contracts reach 606.95 billion yuan (.3 billion) last year, with a combined area of 40.38 million square meters sold. [Photo/IC]

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The company said that because of limits of the existing logistics infrastructure, most of the Yantai cherries are currently sold in the northern provinces. However, with growing demand from Guangdong, Hunan and Hubei provinces, cold chain delivery has become a necessity.

The company will give full play to the role of the country's advanced high-speed railway network, and improve the capacity of traditional passenger trains.