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The company was fined 100 million yuan, and all illicit money gained was confiscated.

The competition is fierce. Foreign rivals such as Siemens AG of Germany, France's Alstom Group and Bombardier Inc of Canada, have all built their global service and sales networks to boost their sales revenue in major overseas markets in Asia, the Middle East and Europe.

The company's pyramid activities seriously disrupted the social and economic order, and Zhang's instigation behind the protests constitutes the crime of organizing people to disturb order in public places, according to the verdict.

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The company will be offering a free year of credit monitoring to any of its customers, but it’s unclear whether that will restore confidence in Target’s security.

The company was responsible for making China's first steam locomotive, the wheels of which were ironically made by a company in Philadelphia.

The company promises to strengthen its staff training on the environment with the help of the Yintai Foundation, which was founded by Yintai Group's CEO Shen Guojun in 2014 and is dedicated to philanthropic causes, including ecological preservation.

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The company's expansion in China is boosted by local blockbusters created with Dolby technologies, such as Chinese action star Donnie Yen's franchise finisher, "Ip Man 4: The Finale," which was also released in Dolby Cinemas on Friday.

The company is now facing tougher competition from rivals such as Alibaba and Pinduoduo. Chen Tao, an analyst at the Beijing-based consultancy Analysys, said JD's reach in first and second-tier cities is high, or close to saturation, adding it should seek new growth engines and pour more resources into smaller cities and rural areas.

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The company reported steady expansion in business volume in H1, taking a bigger share of the country's courier sector.

The company’s existing AI chip is already used by the Ministry of Public Security in its video surveillance system. The two sides have drafted a national standard on the use of such AI chips in video monitoring, Deng said.