Its top rival Ofo said it has over 100 million users and has recorded more than 2 billion rides since its debut in 2015.
Its net profit dropped 11.2 percent year-on-year to 13.7 billion yuan, of which the retail business contributed 54.7 percent, down from 70.2 percent a year earlier.
It’s the latest sign of the budding rivalry between the companies, evidenced most recently by their legal standoff over Amazon’s use of the phrase “app store” for its Android mobile application marketplace.
It's so close, and yet it always seemed so far away. To get to the rural district just a few hundred meters away on the other side of the bay, locals used to have to jump on a boat or drive about 160 kilometers-part of that journey on dusty, unsealed road.
Its past seems worth chronicling. Its future remains unwritten yet seemingly promising.
It's an impressive resume accumulated in just seven years, but Qian is aware of a frustrating truth - if she is to get much further in the company, it will be against the odds.
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JD will offer the whole process of supply chain services, including warehousing, packaging, sorting and distribution, to reduce the frequency of transportation and minimize the risk of unfreezing.
Its main functions are political consultation and democratic oversight, as well as participation in and deliberation of State affairs.
JD Logistics, for example, has teamed up with the Shaanxi government to adopt unmanned aerial vehicles, or drones, for local logistics networks from 2017. Best Express, another major logistics provider, has developed an AI-based net routing algorithm that enables a 5 percent reduction in annual operating costs.
Its major businesses include agricultural plantations and international trade.