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The company increased research and development by 10 percent to ensure their leading role in technology. The company also improved operation efficiency by saving cost and cutting staff members.

The company opened a Mi Home retail store in a Beijing high-end shopping mall earlier this month, which Lei said has been overwhelmed with consumers and highlighted that its offline retailing strategy is a success.

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.

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The company, whose name is abbreviated as LITB, released its April-June quarterly results in late August. Its sales revenue rose 96 percent year-on-year to 3.9 million and generated a profit of .5 million, the highest quarterly gain since it went public in 2013. It was the fourth consecutive quarter that LITB reported positive financial results.

The company said it hoped government authorities or third-party organs would conduct thorough examinations of its products so as to wipe out any possibility of the alleged privacy breach.

The company's quarter one net profit margin stood at about 8 percent, slightly higher than the same period last year.

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The company's silver and orange bikes can be picked up and parked without the use of a dock. Riders unlock a bike by scanning a QR code with the Mobike app, which is available on Android and from the Apple Store.

The company, called Ekso Bionics and located in the city of Richmond, in the eastern Bay Area north of San Francisco, has created the Exoskeleton Vests to help factory and construction workers to spend less energy and power when it comes to heavy-load jobs.

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The company, which loudly promoted an expanded Amazon Education presence when it launched the Amazon Inspire educational resource site at ISTE two years earlier, was nowhere to be seen. Amazon has been shrinking from the edtech stage, announcing plans to shutter its TenMarks math and writing education business earlier this year.

The company plans to sell either all or a majority of its Shimao Gongsan retail property in a popular area on the east side of Beijing by divesting from two firms it owns, two people with direct knowledge of the matter said. LeEco has been in talks with potential investors for some months now, the first person said.