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Company hails exciting new transport era

Concrete efforts must be made to implement the innovation-driven development strategy in Hainan, and policy and financial supports must be leveraged to speed development of the pilot free trade zone, the statement went on.

Compared to the per-bushel price drop for US soybeans during the trade dispute, the recent increase was only a slight recovery, Scoville told China Daily.

Companies are scrambling to get ahead in that direction. Alibaba, for instance, has appointed a group of seasoned scientists to spearhead its efforts in AI, a move that will further galvanize the company's technological capabilities.

Competitors have also attracted some eye-catching investors.