The company is expected to unveil a new handset that comes with Amazon's voice recognition technology Alexa, and it now already sells a smartphone that uses Google's Tango augmented reality computing platform.
The company is implementing cooperation agreements it had signed with local governments in Africa and Southeast Asia in the fields of electronic passports and digital ID cards, and aims to serve more than 400 million people around the world.
The company's gross margin in Q1 increased by 1.5 percentage points to 51.1 percent compared to 49.6 percent in 2017. Adidas was hereby able to offset significant currency headwinds resulting from the depreciation of the dollar with positive effects from a better pricing and product mix.
The company will also cooperate with both its parent company and governmental departments in any related investigations.
The company rolled out a string of measures to help online merchants alleviate pressure caused by the tough situation resulting from the pandemic. It will empower 1 million merchants on the platforms to upgrade their digital solutions, with commission fees to remain 3 to 5 percent lower than the industry average.
The company now has 63 local and 10 Chinese employees on job rotation.
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The company said the locals will be able to pick up and ride Mobikes around the city at any time with the innovative dockless scheme, by simply downloading the Mobike app, finding a nearby Mobike and scanning a QR code. To complete their ride, users only need to park the bike at any authorized bike parking area near their destination and manually close the lock on the bike.
The company plans to use diversification to benefit from global economic opportunities and expansion across multiple markets, including the commercial and tech sectors. The company focuses on working with industries such as natural minerals, logistics, e-commerce and social media.
The company signed a new lease in April that expanded its presence to include six floors of an office building in the city, according to a report by Xconomy.
The company said the number of users increased 9 percent to 166 million for the three months ended March 31. But it posed a loss of .4 million compared with a profit of 1 million for the same period a year earlier.