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The company will also ensure central urban areas in Guangzhou and Shenzhen will have power outages of less than 30 minutes each year, while other cities such as Zhuhai and Zhongshan have power cuts of less than one hour annually.

The competition began nearly 100 years ago in Atlantic City, New Jersey, as a bathing beauty contest designed to keep tourists coming to the seaside resort the weekend after Labor Day.

The company relies on word-of-mouth marketing, and lets its users share photos of products they bought, purchase tips and overseas shopping stories online.

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The company’s stock is up 90% since March, trading at around ,187 on Thursday. Its market capitalization has risen to .6 trillion, right alongside Microsoft. They trail Apple ( trillion) for the title of most valuable publicly-traded U.S. company.

The company will also improve the passenger travel experience by providing services, including air conditioning in stations and on trains, online meal ordering and check-in procedures using facial recognition technology.

The company's growth is caused by blossoming sport utility vehicle sales, not new energy models.

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The company posted a 45.3-percent increase in home sales. With the sales value at nearly 530 billion yuan, Vanke grabbed a market share of 3.96 percent in China's home markets, up from 3.1 percent in 2016, becoming the biggest developer in 22 cities.

The company's new Shanghai Gigafactory, on which work only started in January last year, delivered its first 15 Model 3 sedans on Dec 30, a move marking a major milestone in the manufacturer's global expansion efforts.

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The company is developing the Nexus, a new energy-powered aircraft for on-demand aerial transport as a future air taxi.

The company now has about over 10 software R&D bases worldwide and has established subsidiaries in countries and regions, including the United States, Japan, Europe, the Middle East, and South America.