The move comes at a time when new energy cars are gaining momentum in China, which is the world's largest market for such cars.
The move came after Oppo has accumulated 250 million monthly active users of its smartphones in the world. Every month, more than 200 million users download apps from its software store and gaming distribution center.
The move also came after Huawei's consumer business posted a record billion in sales in 2018, driven by the strong demand for its premium smartphones. The company shipped more than 200 million units of smartphones worldwide last year and surpassed Apple Inc as the world's second largest smartphone vendor.
The move aims to meet the evolving preferences of Chinese consumers who shun preservatives in their quest for a healthier lifestyle, said Cao Hui, vice-president of consumer brands for Fonterra China.
The name of Xiaogang has since been fixed in the nation's memory as the start of China's reform.
The move came as China has accelerated steps to lower corporate costs and has launched a series of measures to cut some excessive taxes and charges in the past few years.
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The move is a another positive sign for AWS’s capabilities as a tool for governments. Amazon has been working hard in recent years to make its cloud service an attractive option for government agencies and companies that need to interface with those bodies – including a special region designed to meet certain government security needs. Earlier this year, AWS received a key certification from the U.S. Department of Defense saying that the service provided sufficient security protections under the DoD’s cloud security model.
The municipal government rolled out a series of measures this month to foster a better business environment and energize market players
The move by China Chengtong reflects the acceleration of China's SOE reforms through capital-market practices to help major state companies to divest nonperforming assets, reduce debt burdens and raise operational efficiency.
The move came as more Chinese companies are in urgent need of leveraging AI to really bolster their business, be it improving efficiency or reducing costs, with a deeper convergence of technologies and businesses.