The company said that it would focus on self-dependent innovation of core technologies and continue to increase spending on R&D of core products such as 5G in the future.
The company realized sales of more than 7 billion yuan last year and plans to get publicly listed on the Shenzhen Stock Exchange later this month.
The company plans to raise around billion on its debut, including .5 billion from the Hong Kong market, said HKET. With a valuation set to 0 billion, Ant Group is expected to become the world's largest IPO.
The company seeks to become more agile in a competitive market, but the cut play out against the economic slowdown caused by the coronavirus pandemic that has forced many to postpone new investments.
The company said that as an important energy supply node for the geometric center of the Pearl River Delta region, the project not only guarantees the power supply for the Guangdong-Hong Kong-Macao Greater Bay Area, but also provides central heating and cooling services for numerous enterprises in the industrial park on Lisha Island.
The company owns about 200 shopping centers throughout the US. All properties were closed temporarily March 18 as part of the nationwide effort to curb spread of the coronavirus, also called COVID-19.
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The company said this will balance economic development on both sides of the Pearl River, supporting accelerated integration and economic development in the Guangdong-Hong Kong-Macao Greater Bay Area.
The company's European expansion comes at a time when many other Chinese telecommunications companies are also expanding into the United Kingdom.
The compensation for Li included 2.03 million yuan for wrongful detention and 900,000 yuan for mental anguish.
The company's move to Jonesboro began in 2016 with an initiative called Made in the USA. Risever spent more than a year investigating 70 possible cities in five states before choosing Jonesboro.