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The company introduced new products — including bottled water from Jeju Island and nut bars — during the third China International Import Expo held in Shanghai earlier this month.

The company's stock closed at 7.44 yuan on Friday in Shanghai, up 108 percent from 3.58 yuan on June 24 last year.

The company said that its business was strong, and the decision to shut down had nothing do with its performance. Shutting down the brand means 18 people will lose their jobs.

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The company says the delivery build-up will supplement?outside services such as UPS and FedEx, but increasingly it’s clear that Amazon is looking to take this aspect of its business into its own hands, despite the?high cost of establishing a delivery infrastructure.

The company, which exports 80 percent of its products to the European and United States markets, now relies on online channels for business consultations and exhibiting products as the pandemic also crippled international passenger flows.

The company, whose sales reached 2.2 billion yuan (8.7 million) in 2016, owns seven wholly owned subsidiaries, 19 construction tile processing lines and two light new material construction lines, producing more than 30 million square meters of tiles annually.

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The company said it will further cover the city with charging piles this year, especially on the Beijing-Chongli expressway, which links the Chinese capital with Chongli district of Zhangjiakou, Hebei province, to further facilitate the movement of electric vehicles into the district where the majority of the Beijing 2022 snow events will be staged.

The company is keen to support sports activities such as marathon races in countries and regions participating in the Belt and Road Initiative this year. It announced that it has become the official partner of the 2018 Jakarta Asian Games in May.

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The company's total revenue came to 85.47 billion yuan in Q1, a rise of 16 percent from the same period last year.

The company's global expansion will continue this year, with focus on the European and Latin America markets, Lei said.