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The company's goal is to get the system in buses made by Chinese manufacturer King Long later this year and, by 2020, to have Level 3-capable autonomous vehicles, meaning the car controls itself at highway speeds and alerts the driver to take over when necessary.

The company said at the conference that to date, it has secured over 30 5G contracts in overseas markets and has signed cooperation deals with more than 50 partners.

The company’s numbers show that it added nearly 3,900 jobs over the past year. The increase of 4.2 percent brings its direct employment to 94,290 people, a new high.

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The company said it had begun talks with employee representatives about the steps.

The company says the tracking is precise enough to distinguish between multiple people standing side-by-side at a shelf, detecting which one picked up a yogurt or cupcake, for example, and which one was merely browsing. The system also knows when people pick up items and put them back, ensuring that Amazon doesn’t dock anyone’s account for milk or chips when they simply wanted to read the label.

The company, whose main products include floor sweeping and window cleaning robots, reached a sales record of over 700 million yuan (1.95 million) during the peak season beginning Nov 11.

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The company's main focus in China will be to grow the go-to-market team, aiming to be No 1 in every segment that it participates.

The company saw its earnings per share surge last year thanks to rising demand as a result of cutting excess capacity, according to its annual report.

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The company is also undertaking the 198-meter long building commissioned by the Commercial Bank of Ethiopia (CBE), which will be the tallest structure in the east African region upon completion.

The company said they are pushing forward the construction of the second phase as planned.