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Ding said the company will decide whether to set up its own manufacturing units abroad based on its sales performance in overseas markets. The company invested 3.7 percent of its sales revenue in research and development in 2016. It will continue to allocate part of its budget to innovation activities, especially sportswear materials, shoe-shaping and related functions.

Dimas said CoronaVac doses would cost .30 to Brazilian states and cities outside of Sao Paulo.

Digitalization can help boost operational efficiency, optimize services and identify new products or markets. It is a long-term strategy rather than a short-term adjustment in production capacity, the senior executive added.

Domestic internet and automobile firms have been investing in the frontier field. Tech giant Baidu launched an open platform named Apollo in 2017 to coordinate cross-sector efforts in autonomous driving, which has been granted over 50 licenses for open-road testing of autonomous vehicles in cities like Beijing, Tianjin, Chongqing, Changsha and Baoding.

DiDi told China Daily "both parties are still exploring details of the cooperation and will focus on building a fleet operation business, and look into other areas such as designing new car models for ride-hailing."