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"Continued investment in user engagement, especially through social commerce content, contributed to our strong gains in annual active consumers," said CEO Daniel Zhang in a statement.

"Currently, most of their revenues are from the domestic market," Dai said. "Douyin and Kuaishou have gained popularity in Japan and Southeast Asia, respectively. We expect those Chinese short video apps will see more downloads and revenues generated from overseas markets."

"China's development and progress is a long-term certainty, which offers the most important external environment for foreign businesses to work with China," Wang said.

"Compulsory technology transfers are explicitly banned, while we encourage the exchanges of knowledge and technology," he said, denying that China forces foreign companies to transfer their technology prior to investing in China.

"Currently two 150,000-metricton berths are under construction and these are expected to be completed in 2019," she said.