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The company said this morning that it has promoted 35,000 operations employees this year. (Last year, by comparison, the company said it promoted 19,000 operations workers to manager or supervisor roles.) In addition, the company said a total of 30,000 of employees have now taken part in its Career Choice retraining program, which launched in 2012.

The company reported a fourth-quarter loss of .33 a share, missing the consensus earnings estimate of .47 by .80.

The competition in China's robot vacuum cleaning sector has intensified as consumer robotics companies and household appliances makers are cashing in on the lucrative business due to the fast changing demand from Chinese consumers for high-end products and given the low penetration rate of smart home appliance products.

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The company said that it also planned to work with MCNs to cover more than 40 different fields this year.

The company will be wholly controlled by Ant Financial and led by Hu Xiaoming, CEO of Ant.

The company said its geothermal energy heating capacity in Xiongxian has reached 4.5 million square meters by July.

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The company said it will further absorb more wind and solar power during the second half.

The company is participating in a program of the Shenzhen-based HAX Accelerator, which aims to bring prototype to production in the hardware space.

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The company said it would prioritize the use of 5G in high-resolution live broadcast, multimedia content production and gaming on the consumer end.

The company, in Wuhan, Hubei province, said it aims to export 77,500 vehicles this year, covering a wide range of markets including South America, Africa, Southeast Asia and the Middle East.