The company showcased its cutting-edge smart locking system, namely Yale Ecosystem, and a range of other smart products during a recent international building decoration expo in Guangzhou, capital of Guangdong province.
The company's share prices edged down 0.04 percent to 27.75 yuan on Friday.
The company’s updated?roadmap follows a number of bold moves that the Minneapolis-based retailer has made recently against its competitors, including Amazon and?Walmart. For instance, last week Target reduced its minimum online order requirement to to qualify for free shipping of online purchases after experimenting this holiday with lifting?all requirements to receive?free shipping.
The comprehensive technological package is just part of Hongqi's achievements since its new strategy was unveiled.
The company said it has a large number of young and middle-aged users, and its younger group of users is expanding. It said its number of Chinese users increased to tens of millions last year, creating a total of more than 1 billion notes.
The company's share closed at HK .64 (.48) in Hong Kong. Xiaomi posted 44.4 billion yuan (.63 billion) in revenue in the fourth quarter of 2018, up 26.5 percent year-on-year, but fell short of the expectations of 47.4 billion yuan, according to Refinitiv data.
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The company will roll out a branch in West London's Westfield shopping center in March, and then plans stores in Japan, France, the United States and the Middle East as part of a 600 million pound (2.5 million) international expansion.
The composite gauge of employment, covering the manufacturing and services sector, rebounded into expansionary territory in August-the first time it was above 50 since April, according to Caixin/Markit studies.
The company is planning to open new routes from Wuhan to Ukraine, Turkey and Iran.
The company, whose name means "Beauty Talk," is one of the more popular fashion and cosmetics retailers online, a niche it's clung to despite the dominance of Alibaba Group Holding Ltd and JD.