The company highlighted its new technology solution called Schindler Ahead at the China International Import Expo earlier this month. It captures real-time data and uses big data analysis and artificial intelligence to predict maintenance needs.
The company said it will continue to expand its nationwide footprint, further improve user experience on its platforms, reinforce its technology leadership through innovation, as well as pursue strategic alliance, investment and acquisition opportunities. Its major local competitors include Guazi.com Inc.
The company was fined 8.3 million yuan (.3 million) and its senior executives were banned for life from entering the securities business. Xintai Electric's chairman Wen Deyi later admitted the violation but said it did not warrant delisting.
The company said that between March 20 and April 30 it offered free engine oil to a total of 10,884 assisting medical professionals.
The company, which is based in the United States, has an ambitious program, including using drones to mine asteroids.
The company’s Dash Smart Shelf is a WiFi-enabled smart scale that can sense when items such as toilet paper, office supplies and pet food are running low, and automatically place an order to replenish the supply. Amazon said Thursday that it’s now available for .99 to home and business customers.
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The company’s overall global employment is more than 380,000 people, which also includes its Seattle headquarters, worldwide operations and other employees in addition to its fulfillment network. The company is seeking a second U.S. headquarters where it plans to hire up to 50,000 people.
The company said it aims to achieve further growth of 40 percent in revenue and net profits in 2018.
The company was established in 2012 as a response to the Central Government's call to develop the west.
The company plans to recruit stellar students from the program, Yang pointed out, or recommend them to other high-tech firms.