The company will install smart battery-changing facilities across the country accommodating a wide portfolio of e-bikes. Users can access services by scanning QR codes on mobile phones.
The company would start the promotion of this product by teaming up with 12 Chinese publishers, under which 117 children's picture books can be recognized and transferred into audio files.
The company said its express delivery service has already returned to normal in the provincial capital Wuhan, and orders placed by downtown consumers on the JD platform are being executed on the same day.
The company is accelerating its expansion in China by opening four new stores in the next four months and expanding the coverage of e-commerce to make Ikea's products and home furnishing knowledge accessible for more Chinese consumers.
The company said it has actively explored both domestic and overseas markets and optimized product structure.
The company will issue 9 billion private shares to strategic investors to raise no more than 62 billion yuan (.29 billion), transfer 1.9 billion old shares priced at 13 billion yuan to the structural reform fund and grant no more than 848 million restricted stocks to core employees to raise 3 billion yuan.
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The company’s modular units, called Bloks,?aim to cut 30 to 50 percent off build time, and save developers approximately 10 percent on costs. Bloks?are available in lengths from 18 feet to 38 feet and customers can add basic and premium kitchens and bathrooms as well as modular deck, stair, railing, and window systems. After being manufactured in Vancouver, Bloks are trucked to the construction site where they are craned onto the foundation, connected utilities, and stacked up to five stories high.
The company's net profit dropped 23.8 percent to 2.79 billion yuan (9.46 million) during the first nine months of the year.
The company said it aims to enmesh more educational content with other brands such as Fisher-Price and Thomas & Friends, which are popular in China.
The company said reform of the shipping industry is set to make an impact on the future growth of the 21st Century Maritime Silk Road.