The company's move is part of its broader drive to speed up monetization.
The company is targeting a valuation of roughly billion, the person said, although the valuation and fundraising target won't be in the initial filing documents. With the first filing in June, the actual listing of Meituan shares is likely around October.
The company said the medicine has benefited 23 million people with venous inflammation in many countries over the past 50 years.
The company offers artificial intelligence-backed technologies to help self-driving vehicles better comprehend the surrounding environment and make decisions, to increase automation, lower the incidence of traffic accidents and ensure people's safety, it said.
The competition, which wrapped up on Sunday in Guangzhou, Guangdong province, was the largest skills contest since the founding of the People's Republic of China in 1949.
The company is also eyeing to go up in the smartphone price. The V20 model, released in Beijing on Wednesday, is priced from 2,999 yuan (about 5) in China. Honor is also partnering with Italian fashion house Moschino to launch a Moschino special edition of V20, which is priced at 3,999 yuan in China.
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The company that Yue heads is now in charge of constructing the speedskating stadium for the Beijing 2022 Winter Olympic Games as well as refitting old stadiums for the events. "Despite the time constraints and the heavy workload, we will carry on the spirit of the older generations and make all-out efforts to help stage a wonderful event in 2022."
The company is currently working on developing autonomous driving, intelligent medical treatment, and deep learning hardware optimization.
The company plans to broaden its customer support operations within China, hiring 150 staff including a China customer service leader based in Beijing next year, while further investing in customer service coverage across the social platforms most important in China, such as WeChat and Weibo.
The company is proposing to build dedicated “cycle tracks” on Seventh Avenue for a two-block stretch through the new campus, as reported by the Seattle Times. Updated planning documents filed with the city show these 7-foot-wide cycle tracks running on both sides of the street, separated from cars by a tree-lined berm.