The company, ranked 89th this year with an estimated value of .3 billion, is one of the largest home appliance companies worldwide and has acquired US-based GE Appliances, Fisher & Paykel from New Zealand, AQUA from Japan and Italy-based Candy.
The company, which makes commercial aircraft with a capacity of 150 seats, plans to introduce its latest single-aisle E195-E2 jets, the biggest ever built by Embraer, to the China market. The company said it is an ideal aircraft for growing regional business and complementing existing trunk line fleets, and is suitable for point-to-point flights among second-tier and third-and fourth-tier cities.
The company succeeded in raising 0 million from select investors in October 2017. It is best known for offering facial recognition technology to Alipay, the country's largest mobile payment app and an affiliate of Alibaba Group Holding Ltd.
The company took in a total of nearly 403.9 billion yuan in transport revenue during the January-June period, a year-on-year decrease of 124.2 billion yuan due to the COVID-19 epidemic, it said, adding that its net loss were 95.5 billion yuan.
The company was created by Kevin O’Connor, who previously founded DoubleClick, which eventually sold to Google for .1 billion.
The company reported 3.408 million wholesale vehicle deliveries last year, up by 7.2 percent annually. The group recorded total market sales of 3.346 million units last year, growth of 7.7 percent from the previous year.
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The company said it is making "good progress" as well on developing a cobalt-free lithium-ion battery - a goal of battery producers aiming to eliminate the pricey and increasingly scarce mineral.
The company was the target of more than 38,000 complaints, the largest number of complaints among 54,127 brands made via 12315-a government-backed hotline and online platform-in the first nine months of the year, the State Administration of Market Regulation said.
The competing momentum is in line with the growing popularity of short video platforms, which are "set to have the biggest growth potential across all media forms in the coming two years", said Liu Yuan, an analyst on China internet research at UBS Securities.
The company will invest 2.8 billion yuan over five years in R&D facilities.