The company, with a registered capital of 1.2 billion yuan, adopted a physical store and online marketing to take public deposits. From October 2013, the company opened over 1,000 physical stores across the nation and trained its employees to sell financial products through advertising and telemarketing with the promise of high interest. In 2015, the company opened online financing platforms to raise money.
The company said that it remained committed to creating as many as 13,000 jobs in Wisconsin and would “actively consider opportunities” involving flat-screen technology. But it said it also was “examining ways for Wisconsin’s knowledge workers to promote research and development”.
The competition of internet businesses has entered the second half, in which the paces of disruptive innovations have slowed down, and a new trend of online-offline integration is becoming even more popular.
The company's robot can be installed on towers, such as telecommunications masts, to scan nearby forests. When it detects a fire, it can pinpoint the exact location and send the latitude and longitude coordinates to the police or fire department automatically. The device can cover a radius of up to 10 kilometers.
The company said it will use the proceeds from this round of financing to advance the commercialization of its consumer solutions for the China market, strengthen its global leadership position in informatics, and expand its capabilities in artificial intelligence and deep learning.
The company reported selling over 2 million smartphones in the current year on Spanish high-streets, as well as tablets and wearables, earning a 20.6 percent market share and prompting the opening of service centers in the cities of Madrid and Malaga.
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The company said that Xunxi's trend and sales forecast model alongside its own artificial intelligence-aided integrated product design platform give manufacturers insights into consumer preferences.
The company's R&D expenditure increase was just behind Amazon, which rose 210 percent during the 5-year period.
The comprehensive regulation will include all innovation-driven businesses.
The company organized physical examinations and psychological consultations for the children and parents involved, and 98 took the examination over the weekend.