The concept also coincides with the key messages from the report delivered by Xi at the 19th National Congress of the Communist Party of China held in October. The report stressed that openness and innovation are among the keys for China to achieve successful economic transition and sustainable growth.
The company's Chairman Zhu Yanfeng said developing overseas business is an important strategy for the automaker, which aims to become a world-class player.
The company said in a statement on its Sina Weibo account on Monday that reviews of restaurants and eateries made up less than 3 percent of the user-generated content on the Mafengwo platform, which includes travel itineraries, diary entries and photo sharing.
The company said new enterprise customers will maintain a relatively rapid growth as a large number of people return to big cities and more companies tell employees to work from home.
The company, which employs more than 200, has 3.6 million customers in 100 countries. In order to keep up with the growth in the digital book arena, Humphrey said that Kobo will likely expand in Seattle where he’s based.
The complicated grid project will be completed in 2018.
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The compound annual growth rate of revenue for MGI has exceeded 200 percent in the last three years and occupied one-third of the domestic market. Other major players are US-based Illumina and Thermo Fisher.
The company said it will continue to strengthen its already-leading market position and invest in GrabPay, its proprietary mobile payments solution.
The company will engage in various global marketing and advertising activities. Hisense will be the official television supplier to the competition. It is expected that the partnership will see the brand reach over 200 territories and greatly enhance its international brand exposure.
The company poured another 1 billion yuan into it earlier this year, bringing its total investment to 2.85 billion yuan.