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The company's total revenues grew to 8.6 million in 2017, representing an increase of 136.7 percent from 2016. Its net loss was 0.5 million in 2017, according to its prospectus.

The company said in an announcement on Nov 17 its risk control system had detected the abnormalities in one of its franchised outlets in Hebei province and reported it to local police. The suspects were later arrested in September.

The company said it will close the site by June 2018 and about 90 employees will be affected by the decision.

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The company will also accelerate the construction of privately-owned charging facilities in new residential areas, aiming to provide exclusive charging poles for all electric vehicles.

The company's various e-commerce platforms like Tmall and Taobao, which covers over 500 million consumers, offered about 14.05 million jobs to online retailers in 2017, according to a report from the Renmin University of China.

The company will further expand its presence in the Middle East and India to drive growth through emerging opportunities in new markets where there is a large and growing middle-class population.

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The company said it will focus on emerging markets for smartphone business growth this year.

The company will provide services related with scientific and technological businesses, such as corporate and household property insurance and engineering insurance.

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The company's shares, which have more than quadrupled this year on hopes of its vaccine working, surged another 18% to .77 early trading.

The company hopes to serve 2 billion users globally within a decade. To achieve that goal, it provides a familiar payment option to Chinese outbound travelers and help foreign partners build technical infrastructure and solutions for local purposes.