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The company promised to replace faulty parts and upgrade software for the recalled cars, according to the administration.

The comparison with a lower rate last year also magnified the holiday CPI, as the Lunar New Year fell in January, a month earlier than last year, resulting in the season of greater food consumption coming a month earlier, Dong said.

The company said that next year, the number of team members in China serving hosts will more than double and it will accelerate on-the-ground preparation and training for hosts.

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The company said it would further test off-airport bag-drop services starting from domestic flights, but there are many limitations for international flights.

The company obviously is making a big bet on mobile. One of the more high-profile areas where it is spending time is the newly-launched Appstore for Android, an online marketplace of?more than 10,000 apps from companies such as?PopCap Games, RealNetworks and Rovio.

The company, for example, reported that advertising revenue climbed 67 percent year-on-year to 4.38 billion yuan (4.11 million) in the first quarter of 2017.

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The company said the power has been sent to central and eastern China provinces, including Henan and Anhui.

The company plans to spend more than half of the IPO proceeds on building up its sales and distribution networks and a third of the money raised in expanding its production capacity, according to its prospectus.

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The company is the first Chinese sportswear brand to become the major sponsor of the Olympic Games. This is also the fourth consecutive times that Anta has become a partner with the China Olympic Committee.

The company is now feeling the pinch of competition from other Chinese leading brands like Oppo, Xiaomi and other less-known Chinese smartphone brands, Chowdhury added.