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The company established its health tonic liquor unit in 2005. However it only has a single digit market share currently, compared with leading brand Jing Brand Co Ltd, which had a 40 percent of the market last year, according to a report conducted by Xiuzheng Pharmaceutical Group.

The company attempted to list on Hong Kong Exchanges and Clearing Ltd as early as 2013, but had to abandon the plan and pursued an IPO in New York due to the inconsistency of the company's dual-class corporate structure and HKEX's rules at the time.

The company exported 2,500 MG and Maxus-branded vehicles to Australia, New Zealand and Fiji last month as demand grows for Chinese vehicles.

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The company has experienced double-digit sales growth in China for the past six years, and also expanded its sales channels from traditional shopping malls to online platforms such as JD.com and Tmall.com.

The committee said it will strictly implement the central authorities' guideline that says "houses are for living in, not for speculating with."

The company has also established a 300-strong big data analysis team, which works 24 hours a day to analyze relevant data. For instance, by tracking the flow of people getting out of Wuhan, capital of the Hubei province and the epicenter of the novel coronavirus outbreak, China Mobile has sent warnings to districts that receive the most visits from Hubei residents.

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The commission will continue to tighten oversight and urge banking and insurance institutions to enhance compliance, in a bid to safeguard the rights and interests of financial consumers and to ward off systemic financial risks, it said.

The company expects to build a united commercial community to channel its more than 5,000 offline companies and 130,000 online members worldwide, where great potential can be foreseen, he said.

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The company also announced the commercialization of Ascend 910, an AI chip Huawei called the world's most powerful AI processor and one which can outperform the US tech giant Nvidia Corp's rival products.

The cloud chip supports "deep learning," or neural networks that mimic human learning. Deep learning is a type of machine learning involving algorithms that can analyze data, recognize patterns and make predictions.