The company is best known, however, for its motorcycle taxi service — known locally as ojek. It launched in Jakarta in January 2015 with a pool of 700 riders, but today the number has burgeoned to more than 400,000 nationwide.
The company said the revenue generated from livestreaming accounts for a majority of its revenues and such revenue is heavily dependent on the number of paying users. Its revenue generated from livestreaming increased from 7.9 billion yuan in 2017 to 31.4 billion yuan in 2019.
The company on Thursday said it will not weaponize its portfolio of patents as innovation and intellectual property protection lie at the heart of its success.
The company said apparel sales fell 23 percent, footwear revenue dropped 28 percent and accessories dropped 17 percent compared with the same period a year ago.
The compensation includes 307,000 yuan for Lou's wrongful detention of 972 days and 107,000 yuan for his mental anguish, according to the court.
The compensation standard was made in accordance with the average daily salary of the country's urban employees in the preceding year.
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The completion of the field test of the alert system on the Datong-Xi'an high-speed railway in August marks the quake alert system's shift from the research and development stage to actual use, the administration said.
The company, which had 15 percent of sales last year related to China, is on course to "invest quite significantly" in the country for the next three years, Aspell said.
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 opened a new science research center in Shanghai earlier this month, demonstrating its continued confidence in the Chinese market.