The competition started Monday, before the Qingming Festival, also known as Tomb-Sweeping Day, where worshiping ancestors is a long-standing Chinese tradition.
The company said it will pour more resources to expand its presence in the market for small and medium-sized enterprises, grow the local talent force and infrastructure, and nurture the next-generation ecosystem in China.
The company's net profit jumped to about 9.3 billion yuan (.3 billion) from 7.1 billion yuan in the same period last year, the company said in its preliminary earnings estimate report filed to the Shenzhen Stock Exchange.
The company said it will not relaunch a search for a second corporate headquarters to complement its existing office in Seattle: "We will proceed as planned in Northern Virginia and Nashville (Tennessee), and we will continue to hire and grow across our 17 corporate offices and tech hubs in the US and Canada."
The company's website shows that more than 600,000 electric vehicles have been registered on its car-sharing app.
The company now has developed classes from Level 1 to Level 5, with more classes already in the pipeline.
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The company's financial statement shows its monthly operating expenses were over 400 million yuan, but last December the firm's revenue was only 110 million.
The company's revenues rose 48.2 percent year-on-year to 8.07 billion yuan, it said.
The company said it would continue the construction of an e-commerce operation and settlement center in Jilin, which is expected to create 9,000 jobs.
The company will invest 80 billion yuan (.9 billion) in semiconductor display, AI, big data and intelligent manufacturing in the next three years, Li said in an earlier interview.