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The company will also surpass its original value of more than billion, strengthening its position as one of world's most valuable startups.

The company will take advantage of its technologies and facilities to get actively involved in local power projects, Shu said during the high-level dialogue between Chinese and African leaders and business representatives held in Beijing.

The company said that with its Great Wall lubricants, which hold technology certifications from more than 90 percent international major automakers - it had become the strategic partner of many world-class companies including Siemens AG and Burckhardt Compression AG.

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The company's operating revenue climbed 14.19 percent to 88.59 billion yuan during the period, it said in the H1 financial report filed to the Shanghai Stock Exchange.

The company reached the milestone despite Microsoft shares rising 1.5 percent on the day to .81. Microsoft’s market value is hovering right around 0 billion.

The company is also ramping up resources to tap into the internet of things market by partnering with a string of companies to build a smart home ecosystem.

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The company's mobile-user base increased by 25.2 million to 950 million as of the end of last year.

The company hopes to establish 100-plus such dealerships by the end of this year, covering almost all provincial capitals and major cities in the country.

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The company transmitted 217.5 billion kWh of electricity in 2018, up 7.2 percent from the same period in 2017. It saved about 15 million metric tons of standard coal consumption in the areas it covered, and reduced emissions including 40 million tons of carbon-dioxide and 300,000 tons of sulfur dioxide, according to the company.

The company said the mixed-ownership reform proposal was approved by the country's top economic regulator, the National Development and Reform Commission, and the share issue proposal has been approved by the board of China Unicom's listed company.