The company said the locals will be able to pick up and ride Mobikes around the city at any time with the innovative dockless scheme, by simply downloading the Mobike app, finding a nearby Mobike and scanning a QR code. To complete their ride, users only need to park the bike at any authorized bike parking area near their destination and manually close the lock on the bike.
The company is expanding its R&D operations to focus on vehicle integration and product development.
The company’s Aliexpress wholesale platform is international, but this move would mark the expansion of Alibaba to reach consumers around the world. No specific timeline was given for the rollout of Taobao internationally.
The company set up an international business department in February. Cheng Wei, founder and CEO of Didi, said: "We are seeking to be the biggest operator of automobiles in the world."
The competition has been intensified.
The company’s net sales came in at .83 billion, up 23 percent from the same quarter a year ago, but also somewhat below the consensus of analysts polled in advance by Thomson Reuters.
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The company is also conducting extensive research on the efficacy of fresh milk for treating conditions like eczema in children. In addition, it has also teamed up with leading academicians to study the effectiveness of herbal medicines in skin diseases.
The company signed a deal with the BDS Precise Service System on Monday to expand cooperation in building smart cities. The BDS Precise Service System was built by the Global Navigation Satellite System and the Location-based Services Association of China to promote the application of BeiDou in diverse sectors including the supply of electric power, water and intelligent transportation.
The company said the joint venture is ideally positioned to compete with MediaTek Inc and Spreadtrum Communications Inc to supply chips to the lower end of the smartphone market and will not take sales or market share away from Qualcomm's existing high-end chip business.
The company said it would replace the defective door locks free of charge.