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The company is planning to invest in countries such as Panama, Guinea and Suriname, he added.

The company now employs 350 people in the industrial zone, again mostly locals. Xu said employees there earn about three quarters of what an employee makes on the Chinese mainland, and it's not difficult to recruit local people. The only problem is that Thai workers may not be as efficient as their Chinese peers.

The company's innovative US product lineup will help to defy the odds and herald its emergence as a global enterprise, said Yu Jun, president of GAC.

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The complaint may illustrate a point emphasized by Zhang, who says the sharing model does not work in every situation.

The company raked in 20.7 billion yuan in the first three months of this year, with a net profit of 1.2 billion yuan, according to its Q1 financial report released on the same day.

The company reported a net loss in the first quarter of 0 million, a 70 percent increase from a year ago, according to its financial statement. Nio sold 3,989 cars in the first quarter of 2019, less than half of what it sold in the fourth quarter of last year.

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The company said although International Women's Day, which has been dubbed the "queen's day" by retailers in China, fell amid the outbreak of COVID-19 this year, sales of more than 20,000 brands participating in promotional retail events in China on the day doubled from the previous year, with both old and new brands experiencing a sales surge.

The company, one of the top world players in medical 3D printing, has more than 130 patents granted from regulators in the United States, Russia, Japan and China. And more than 130 patent applications are pending approval at home and abroad.

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The company rolled out a branded village home-sharing service in 2016. Up to July 2018, it attracted over 30,000 listings in rural areas. Lijiang in Southwest China's Yunnan province and Tonglu county in Zhejiang province are most favored by young tourists.

The competition between North American cities looking to woo Amazon and land the e-commerce giant’s second headquarters could turn into a race for the eventual winner — a race to fill engineering jobs. Another Seattle-based tech company thinks it’s figured out which potential location could do that the fastest.