The company, which has an initial staff of 20, expects to start producing the lipsticks by the end of this year.
The company's operation revenue climbed 3.04 percent year-on-year to 13.2 billion yuan during the January-June period.
The company's 1,318-kilometer railway line between Beijing and Shanghai, which started operations in 2011, is the world's longest high-speed railway line constructed in a single phase with highest quality standards, and covers 66 counties of seven provinces and municipalities in two of China's most densely-populated and busy economic areas-Beijing-Tianjin-Hebei and Yangtze River Delta regions.
The company, which aims to take on Apple and Samsung, also formed a strategic partnership with Hong Kong-based conglomerate CK Hutchison Holdings in the city on Thursday, to bring its rich portfolio of products to CK Hutchison's more than 17,700 retail and telecommunication outlets around the globe.
The company's profit attributable to equity shareholders was 27.9 billion yuan (.2 billion) between January and June, according to its financial results filed to the Shanghai Stock Exchange.
The company plans to bring tailor-made moving systems to China to fulfill local demand for products featuring high safety and security standards, said Takakazu Uchiyama, president and CEO of Fujitec, adding that the company has established a research and development team in the country.
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The company noted that reaction to the new 9.99 Echo Spot was “incredibly positive”; the bedside device is already sold out for this holiday season.
The company will inform customers via mail, text messages and phone calls.
The company said that, while the Norwich scheme began strongly, usage was not high enough to keep the service in the city. Ofo will instead focus on growing its London user-base.
The company plans to establish a smart education base, expanding the scale of an online education platform to have 4,000 employees in three years. It is also eyeing to set up an offline experience center in Wuhan, which it then hopes to spread across the country.