The company will further expand its presence in the Middle East and India to drive growth through emerging opportunities in new markets where there is a large and growing middle-class population.
The company settled about 5 million auto-related cases with the technology in the first half of 2017, it said.
The company said the cost per fitness pod is around 10,000 yuan to 15,000 yuan, and the company can earn 60 yuan per machine per day. That means it can yield high rates of return, with break-even in six to eight months.
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's name change from 58 Express to Kuaigou (Fast Dog in literal translation) Hailing in August was a highly controversial topic both online and offline. It even ignited anger and protests by its drivers in Zhengzhou, Central China's Henan province, since "dog" usually has a negative connotation in the Chinese language, so they considered the name as humiliating.
The company's announcement came on the same day its subsidiary, China Mobile Logistics, unveiled a major plan to cooperate with leading logistics companies, including SF Express and DHL, to strengthen its business.
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The company is offering a competitive salary,?equity, and unlimited vacation. As an added bonus, EveryMove promises that?the right candidate’s career will advance by 10 years in a three-year time period.
The company, which is based in Qingdao, East China's Shandong province, attributed its profit growth to expanding market share due to product innovation and domestic consumption upgrades.
The company is working with financial advisers on the planned offering, and is aiming to file a listing application in Hong Kong confidentially as early as the second half of 2019, the source said.
The company's business revenue last year increased 36.92 percent year-on-year to 148.29 billion yuan, while total assets rose 17.87 percent to 215 billion yuan.