The committee will involve world's leading talents in the field, including experts, scholars as well as leaders from educational technology companies. Rick Levin, former president of Yale University, will be the first counselor.
The company also announced its collaboration with JD.com, through which pet owners can book pet healthcare service through the e-commerce website directly.
The comments came after the US Commerce Department issued new rules on Monday to expand restrictions on Huawei by limiting its access to components produced by non-US companies using American technology. It also added another 38 Huawei affiliates to its economic blacklist.
The commission said it will publicize typical cases of infringement upon client interests to remind consumers of risks and send a warning to insurance managers.
The company has already made hydrogen fuel cell electric vehicles a new focus for its business as its first fuel cell model based on a dedicated electric vehicle platform is scheduled to debut in 2020. It also inked a deal with BMW AG last year to produce electric Mini-branded cars in China.
The collaboration will extend in future to also cover electrified vehicle components such as battery cells, e-motors and charging systems in order to maximize synergies across the group.
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The company first entered China in 1987. Today it is the company's third largest market after the US and France, generating almost 2 billion euros (.29 billion) of sales in China last year, 7 percent of its global turnover.
The company has implemented AI-based content recommendation technology to accurately and efficiently identify and match live streaming content with user preferences, according to Li Xueling, chairman and acting CEO of YY, adding that they will remain committed to continuous product innovation and technology advancement.
The cleanup measures have shaken the province's tourism sector. A tour guide surnamed Xia said bus tour orders in the province were down by two-thirds in the first quarter of this year, compared with the same period in 2017. Many tour guides have left Yunnan to find jobs in neighboring regions, Xia said.
The company expected revenue generated from its more lucrative tailor-made business segment to surge from 800 million yuan in 2016 to more than 1.2 billion yuan in 2017.