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The company is testing a new program called Amazon Storage and Replenishment, in which the tech giant rents cheap warehouse space near its fulfillment centers to give sellers room to stage their inventory and quickly replenish items that are selling fast, according to a report from Bloomberg. Amazon is testing the program with warehouse space in Ontario, Calif., about 20 miles from a distribution center. Amazon plans to expand the program to other locations around the country.

The company is expected to roll out the first iris-recognition embedded smart vehicle late next year, although there's no timetable yet for a similar launch in China.

The company's milk was confirmed melamine-free, and to illustrate their confidence in the product's quality, some of Huaibei's top officials drank it on television.

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The company reported its revenues surged 111 percent year-on-year, reaching 4.5 million in the first quarter this year. And 6.4 million came from the livestreaming sector, accounting for more than 90 percent of the total. The company said it has made a net profit of million in the first quarter.

The company said the fast spreading novel coronavirus pandemic has hampered the production of major overseas wineries, and the imported wine business in China has suffered a setback. International shipping and logistics companies also suffered severely. They have constantly lowered their frequencies of voyages and raised transportation costs.

The company, with 10.5 percent share of the global market for home appliance products in 2017, ranked first for the ninth time, according to consultancy firm Euromonitor. In 2016, it acquired General Electric Co's appliance business for .4 billion.

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The compensation mainly includes 400,000 yuan for the family's mental anguish, as well as 360,000 yuan for Yao's medical expenses, nutrition fees, lost work expenses and traffic fees, according to the court.

The company's business model developed over time as Jiang and his colleagues became more sophisticated in their approach and adapted to new demands.

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The company raked in about 9.4 billion yuan (.4 billion) in net revenue in Q3, up 15 percent year-on-year, according to its unaudited financial report released Thursday.

The company said that passengers who succeed in purchasing an island-looping high-speed train ticket in Hainan will have access to an information sheet that includes a QR code.