The company said the capital injection will provide important impetus to the buildout of its AI platform, advancing the company's technological innovation and opening up new business opportunities.
The company plans to use the proceeds to fund eight projects totaling 27.3 billion yuan (.3 billion), in the industrial internet, cloud computing, data centers, communication networks, fifth-generation mobile communications, the internet of things, intelligent manufacturing and industry upgrades.
The company, a subsidiary of HNA Group, plans to open more air routes to tourist attractions, according to the report.
The company, which has obtained frequency bands in the range from 2,515 to 2,675 megahertz and 4,800 to 4,900 MHz to build network, said it will work hard to quicken the maturity of end-to-end products and services.
The company is planning to test the first three types of facilities in Beijing this year.
The company’s approach to its growth in Seattle and to its HQ2 search contrasts with the long-term planning that it does in other parts of its business.
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The components of Microsoft Azure’s serverless platform. (Microsoft Image)
The company said the app has other functions to help tourism operators better run their destinations.
The company opened its first direct international flight between Guangzhou and Mandalay, Myanmar last October.
The company's sales in the Chinese market grew 73 percent annually on average during the past decade, with sales volume surging from 74 million yuan (.2 million) in 2008 to 10.43 billion yuan in 2017, according to Willie Tan, SKECHERS CEO for the Chinese mainland, Hong Kong, Republic of Korea and Southeast Asia markets.