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The company's salesmen said more than 200 litter boxes are sold via China's e-commerce platforms each month, each costing over 5,000 yuan.

The company, one of the largest gold producers in China, said its gold output is expected to be no less than 39.586 tons in 2020.

The company made the decision after recognizing the importance of China in global investment portfolios and the evolution of its markets over the last decades especially since China's reform and opening-up.

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The company often talks about the pillars of its business: its retail marketplace, Amazon Prime, Amazon Web Services. Many have speculated about the company’s fourth pillar, and artificial intelligence, led by Amazon’s digital assistant Alexa seems like as good a bet as any. Logistics underpin many of Amazon’s efforts, and a series of creative delivery methods have also become a signature element of the company.

The company said earlier that the evaluation well was tested to produce some 1,000 barrels of oil and 6.4 million cubic feet of natural gas per day, with the gas reservoir seeing a total thickness of 348 meters.

The company said Sugar smartphone works as a more powerful and convenient translation platform.

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The company said it was "confident" it would be able to propose other opportunities to most of the affected employees through programs which are ramping up, saying it was "committed to managing any implications for its workforce in a responsible manner".

The company's premiums registered 336.84 billion yuan (.89 billion) in H1, according to the company's statement filed to the Shanghai Stock Exchange.

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The company's staff has worked hard to achieve technical prowess, particularly in research and development. It has further sharpened its competitive edge through R&D, officials at the Shanxi-headquartered company said.

The company intends to phase out co-branding in the next few years. Tong said, "Many customers want to cooperate with us on OEM basis and we don't agree on that."