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The company scoops out garbage and storm debris to make waterways more scenic and easier to navigate.

The company's financial statement shows its monthly operating expenses were over 400 million yuan, but last December the firm's revenue was only 110 million.

The company, valued at about .5 billion at the time, had discussed a merger with Meituan, one of Tencent's largest investments in the market.

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The company will also be listed on the Shanghai Stock Exchange's sci-tech innovation board, commonly known as the STAR market, on the same day as well, raising up to 132.2 billion yuan. The "dual listing" in Hong Kong and Shanghai is expected to become the world's biggest IPO.

The company said it had signed deals with over 10 cinema operators, including Wanda Cinema, Evergrande Cinemas, UME International Cineplex and Poly International Cinema, and is expected to provide more than 7,000 mini karaoke booths called WOW mini KTV in those cinemas by the end of 2017.

The company reported .5 billion in revenue in the quarter ending in September, marking its ninth consecutive year-on-year quarter of growth. And its net income increased 20 percent year-on-year to 2 million.

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The composite gauge of employment, covering the manufacturing and services sector, rebounded into expansionary territory in August-the first time it was above 50 since April, according to Caixin/Markit studies.

The company says the tracking is precise enough to distinguish between multiple people standing side-by-side at a shelf, detecting which one picked up a yogurt or cupcake, for example, and which one was merely browsing. The system also knows when people pick up items and put them back, ensuring that Amazon doesn’t dock anyone’s account for milk or chips when they simply wanted to read the label.

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The company said the main reason behind the profit surge was higher returns on investment, and further details will be revealed in its upcoming third-quarter report.

The company said today consumers prefer to manage their life through apps, and apps are increasingly becoming a must-have for many businesses and industries.