The company provides services for over 6 million job-seekers, mostly assembly line workers, restaurant waiters and blue-collar workers. It has helped many migrant workers find suitable jobs.
The company is currently seeking a fresh round of funding, in part to help expand its overseas products and properties.
The company's R&D of 5G chips starts from 12 nanometer technology and plans to leverage a more advanced 7 nanometer technology for mass production. Nanometer technology refers to a technical standard used in chip device fabrication.
The company said in a white paper that "Face ID data, including mathematical representations of consumers face, is encrypted and only available to the Secure Enclave. This data never leaves the device. It is not sent to Apple, nor is it included in device backups."
The company owes the significant jump in sales to its heavy investment in research and development.
The company said it was brought into the C919 project at the very beginning and has been working with COMAC throughout the design, build and first flight stages of the jet.
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The company plans to have textbooks available for sale or rent through the Google Play store, alongside its other offerings. Students renting a book will have it available for six months, which ends up being a little bit longer than a traditional school semester.
The company's IPO roadshow will be launched in early September and investments banks responsible for its listing have already sent invitation to investors, people familiar with the matter said, according to a report by thepaper.cn.
The company said that, while the Norwich scheme began strongly, usage was not high enough to keep the service in the city. Ofo will instead focus on growing its London user-base.
The company will provide services related with scientific and technological businesses, such as corporate and household property insurance and engineering insurance.