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The company will announce the next round of financing very soon, said He, who was an executive at Alibaba before founding the carmaker four years ago.

The company is also the category leader in both the food service and ingredient markets in China.

The company said a total of about 20.6 million railway trips were made during Sunday and Monday, the first two days of the holiday, a year-on-year increase of 549,000 trips.

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The company?doesn’t regularly break out sales from?online and mobile,?but it has said in the?past?that?digital sales represent roughly 2.5 percent of Target’s revenue (so clearly these?kinds of growth rates?are?easier when working off a small base).

The company statement said that in June last year a resident surnamed Luo in Nanjing, Jiangsu province, called police when she was cheated out of 5,000 yuan after opening a website link in a text message.

The company's third-quarter results showed its Asia business delivered 12-percent revenue growth year-on-year, on top of 10 percent a year ago. Operating income increased 25 percent, with wholesale, franchisee and e-commerce each posting double-digit growth year-on-year. Most markets in the region grew. In China, Levi's sees the women's category growing faster than men's. It is excited by the opportunity to grow this under-penetrated category.

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The company’s cloud division, Amazon Web Services, posted sales?of .54 billion, and operating profit of 6 million, again providing a big boost to the company’s bottom line.

The company pledged 10 billion yuan (.51 billion) in December 2017 to combat poverty in China over the next five years.

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The company will also record entire rides made using web-hailing services, starting from Saturday.

The company is uniquely placed to foster a complete ecosystem by building communication bridges between foreign and Chinese enterprises, and connecting players from the upper, middle and lower rungs of the industry's value chain, she added.