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The company said the growth was driven by optimizing different business sectors including advertising services, entertainment content services and online ticketing.

The company says it just wants to engage in the sort of outdoor flight testing that it would be able to do in the U.S. if it were?a drone manufacturer or a hobbyist. However, unlike those groups, Amazon says it would abide by more stringent safety regulations than the ones currently imposed on those groups.

The company said its success stories in the country are based on its understanding that a company cannot achieve sustainable development in overseas markets if it does not aspire for extensive and long-term localization.

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The company said it aims to enmesh more educational content with other brands such as Fisher-Price and Thomas & Friends, which are popular in China.

The company's decision follows the series of sudden collapses of bicycle sharing companies recently due to the panic withdrawal of deposits. Beijing-based Coolqi saw a flurry of panic deposit withdrawals in September and was subsequently brought over by Chengdu-based Baike Technology.

The company recorded a net return of negative 2.35 percent on overseas investments in 2018 as declining major stock markets took a toll on its overseas investments. But the net return still exceeded the annual performance bench mark by 371 basis points and outperformed the market.

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The company said its research and development expenditures last year rose 71 percent year-on-year, to 48.5 million yuan.

The company intends to build a complete industrial chain, and so has partnered with Fujian province-based Contemporary Amperex Technology Co Ltd, China's largest automotive lithium-ion battery maker by production volume.

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The company is partly in charge of the construction of the railway station, from which a high-speed railway will link with Beijing. It is expected to start operation by the end of the year.

The company that sells you just about anything online, and delivers books right to your Kindle, has a better reputation among U.S. consumers?than any other company in the world.