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Another good indicator in that matter is the ever-growing number of locally produced cars: Today, over 70 percent of our cars sold in China are also made here. Driven by the outstanding market demand for our premium cars, our joint venture production hub with BAIC became our largest Mercedes-Benz passenger car plant worldwide in 2017. Looking ahead, we will further deepen our local partnerships. Together with BAIC, we will invest over 11.9 billion yuan (.9 billion) to establish a second production location in Beijing to expand capacities for more "Made in China, for China" products, including battery-electric vehicles. We are fully committed to localize Mercedes-Benz electric vehicles in China, the world's largest NEV market.

Apart from Douyin and Sougou, three other companies involved are advertisement and media production enterprises. Under the advisory of the State Administration for Market Regulation, the Beijing Administration of Industry and Commerce is now investigating the five companies and the punishment will be released in a timely manner, the release said.

Another analyst suggested China gradually open or adjust the price of the country's refined oil products.

Another highlight came in cloud computing, in which revenues increased 84 percent to 6.61 billion yuan in the December quarter, helping the company claim roughly half of the domestic market.

Apart from AMDA, STA has also collaborated with overseas universities such as City University London in Britain and the New York Film Academy in the US to provide programs related to the performing arts as well as art management and design.