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The company officially launched its service in Shanghai in April 2016. In just over a year, it has raised more than 600 million U.S. dollars to finance overseas expansion. It now has 6.5 million shared bikes in 150 cities globally.

The company's net profits expanded 857.6 percent from one year earlier to 15.4 million yuan (.4 million) in Q1, according to its report to the Shenzhen Stock Exchange.

The company said in a statement that the current economic uncertainties will not have a big impact on the firm's daily operations since most of its core technologies are self-developed.

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The company said it was planning to open more than 500 new stores and depots (smaller warehouses) in China during the next five to seven years and revamp 200 existing stores in three years.

The company said that it remained committed to creating as many as 13,000 jobs in Wisconsin and would "actively consider opportunities" involving flat-screen technology. But it said it also was "examining ways for Wisconsin's knowledge workers to promote research and development".

The complaints stemmed from a Boeing meeting last month in Seattle, which was cut short by regulators, the newspaper said.

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The company's combined investment in China has surpassed 0 million since 2013 and plans to build a new factory in Nanjing in eastern China.

The compensation includes 3.39 million yuan for Zhang's wrongful detention and 1.57 million yuan for his mental anguish, according to a decision by the Jiangxi High People's Court.

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The company said it will continue to strengthen its already-leading market position and invest in GrabPay, its proprietary mobile payments solution.

The company will continue to focus on development, implement more stringent cost controls and more prudent investment decisions, strengthen cash flow management, and maintain the company's long-term sustainable development, said Wang Dongjin, chairman of CNOOC Limited.