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The company is also exploring overseas markets, with its international versions now supporting more than 10 languages including English, German, Japanese and Spanish.

The company is working extensively with internet giants Alibaba Group Holding Ltd, Tencent Holdings Ltd and Baidu Inc in telecom services, information infrastructure and other emerging businesses.

The company opened a Mi Home retail store in a Beijing high-end shopping mall earlier this month, which Lei said has been overwhelmed with consumers and highlighted that its offline retailing strategy is a success.

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The company’s profits were much higher than expected, an operating margin of 7.4 percent, almost double its operating margin from the previous year. But its guidance for the second quarter’s results was much lower — an operating margin in the range of 4 percent or 5 percent — suggesting that the company would be spending a lot more on … something. But what, exactly?

The company will continue expanding its network for clean energy this year, aiming to transfer some 12.6 billion kilowatts of clean energy compared with the total 42 billion kilowatts of energy in total.

The company will work with the Beijing-based University of International Business and Economics to design the curriculum and create e-commerce talent training standards.

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The company said earlier it would increase energy supplies to economies related to the Belt and Road Initiative with further investment in countries and regions participating in the initiative.

The company said it developed the software change prior to Sunday's crash of the Ethiopian Airlines plane that killed all 157 people aboard. The software update will make an "already safe plane safer", the company said late Monday.

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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 is planning to invest in countries such as Panama, Guinea and Suriname, he added.