The company recommends products with excellent quality and reasonable prices to customers by utilizing big data technology to analyze commodity sales, user ratings, brands' influence and price information.
The company’s help forums are also active with customers discussing a number of factors that are contributing to their decision to flee. In a discussion called “Who else won’t renew Amazon Prime at ?,” there’s 83 posts, which may or may not be small given the roughly 20 million Prime members.
The company said BMW has determined its four major pillars for success in China-localization, innovation, opening-up, and high-speed transformation, and the company recognizes them as "must-win fields".
The company's shares fell by 0.49 percent on Thursday on the Shanghai Stock Exchange.
The company took a record 38 percent of China's smartphone market in the second quarter of 2019, highlighting the highest market share of any vendor in eight years, according to data from market research company Canalys.
The company helps small and medium-sized enterprises in Sichuan sell their commodities in some 130 countries and regions.
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The company said in a statement posted on its WeChat account it had appointed a chief information safety officer and a chief security officer as part of its wider efforts to protect both drivers and passengers.
The company said it is a significant milestone in driving the deployment of the technology at scale in the country.
The company released its unaudited accounts for the fourth quarter and fiscal year ending Dec 31, 2018 yesterday, showing increased revenue but a larger-than-expected operating loss.
The company's overseas assets stood at 31.8 billion yuan by the end of last year, accounting for 7 percent of its total assets, which points toward further growth potential of its international business.