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The comprehensive strategic partnership of both countries has made a continuous, healthy and stable development and they will face a new opportunity to strengthen cooperation in the field of security, including counter-terrorism and cyber crimes, Guo Shengkun, chief of the Committee for Political and Legal Affairs of the Communist Party of China (CPC) Central Committee.

The company said most of its sedans, including Focus, Escort, Mondeo and Taurus, saw their sales grow 10 percent year-on-year, and SUVs continued their popularity, with the sales of Edge up 19 percent.

The company, trading under the ticker symbol of "WEI," announced its initial public offering (IPO) of 4,500,000 American depositary shares (ADSs), each representing one Class A ordinary share, at a price to the public of per ADS for a total offering size of approximately million.

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The competition was designed to attract original, innovative and leading projects which can be implemented in different regions of China in the future. Previously, projects have targeted cities such as Jinan in Shandong province, Changchun in Jilin province and Hangzhou in Zhejiang province.

The company said 20 percent of total revenue last year was made mainly from overseas PC and console gaming markets. The figure is expected to grow to 40 percent in the next ten years.

The company named Farley, 58, as its new CEO effective from Oct 1, replacing Jim Hackett, who will retire after three years at the helm. Farley, who has been with Ford for more than a decade, has been chief operating officer since February.

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The company said that its Latin American market is rapidly expanding, and other BYD solutions such as its pure electric buses, taxis and trucks are successfully serving markets in many countries across the region, including Chile, Brazil, Colombia, Argentina, Peru and Uruguay. Globally, BYD's electric vehicles have spread to over 300 cities in more than 50 countries and regions.

The company reported net income of .8 billion, or .17 a share, compared with .75 billion, or .39 a share, for the same quarter a year ago. Adjusted earnings were .30 a share, beating Wall Street's estimates of .01 a share. Worldwide sales increased 3.3 percent to .69 billion from a year ago, topping the .73 billion analysts had projected.

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The company is trying to maximize public exposure of local produce from impoverished regions by linking customers with a dedicated, one-stop landing page via Taobao's home page.

The company said Thursday that from January to June, its net profit attributable to shareholders of the parent company hit 97.68 billion yuan (.88 billion).