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The company saw steady growth in online music paying users in the fourth quarter of 2019, up 47.8 percent year-on-year to 39.9 million, increasing by 4.5 million quarterly, compared with growth of 4.4 million in the previous quarter.

The company is expanding cooperation with Guangzhou Metro to introduce its AI technologies in the construction of the automatic ticket-sales machines, platform screen doors and related metro facilities.

The company's new models will reflect developments in automatic driving, new energy and car sharing, thus specifically aimed at the Chinese market, according to the president.

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The company said it has assets now valued at more than 600 billion yuan ( billion) and an international workforce of around 200,000 employees across North America, Europe and Asia.

The company said the addition of Skyscanner contributed to the sustained strong growth of its transportation ticketing business, as its transportation revenues for the first quarter reached 2.9 billion yuan, increasing by 48 percent year-on-year and 18 percent from the previous quarter.

The company saw total property sales on contracts reach 606.95 billion yuan (.3 billion) last year, with a combined area of 40.38 million square meters sold. [Photo/IC]

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The company will check the locking status of affected vehicles and replace the defective parts if necessary.

The compound annual growth rate of revenue for MGI has exceeded 200 percent in the last three years and occupied one-third of the domestic market. Other major players are US-based Illumina and Thermo Fisher.

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The company says the KX-5000 series octuple-core processor has a similar performance to that of Intel's Core i3-6100 processor.

The company said on Monday evening that its revenue reached 158.99 billion yuan (.1 billion) in the first half of this year, an increase of 16.29 percent year-on-year. Net profit hit 5.44 billion yuan, up 2.24 percent compared with same period last year.