The company is making sea buckthorns into herbal tea, functional drinks and dietary supplements. The value of sea buckthorns per metric ton will increase about 10 times after being processed into functional products, Zhang said.
The company is taking a fresh step in the European clean energy market after purchasing an 80 percent stake in a 288 megawatt offshore German wind farm operator, WindMW from US private equity firm Blackstone Group for around .8 billion, which CTG described as one of the most promising offshore wind businesses in Europe.
The company, owned by the State-owned tourism giant, will run the airport's eight duty-free shops spanning 3,400 square meters for seven years until 2024, in a joint venture with French travel retailer Lagardère Services under a new brand of Duty Zero by CDF.
The company is making efforts to raise the stakes in the automotive industry. Last year, Evergrande acquired a controlling stake in National Electric Vehicle Sweden for 0 million, investing more than 0 million in a new venture with supercar maker Koenigsegg, and paying 4.4 million for a 58 percent stake in lithium-ion battery maker Shanghai Centa New Energy Co.
The company will sell an 18 percent stake to Unisplendour Technology Venture Capital Ltd, 18 percent to Oriente Grande Investment Fund LP and 13 percent to Vivid Victory Developments Ltd, according to an announcement issued by TCL on Monday night.
The company's global push also is in line with the demand of financial institutions around the world, which have been stepping up efforts to make digital transformation in a bid to improve services, and lower cost and risks.
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The company vows to supply 18.17 billion cubic meters of natural gas during this heating season, up 17.7 percent from 2017, with those supplied to the seven northern provinces and municipalities up 29.1 percent year-on-year, it said.
The company revealed the plan during a workshop with winery executives in Napa, Calif., the WSJ reports.?The service is expected to launch in time for the holidays, the report said.
The company pledged more measures to meet surging international logistics demand during the Christmas and New Year's season.
The company is optimistic about the Chinese market and continues to promote local production as well as research and development, said Enno Tang, president and CEO of Continental China, last week.