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The company is also promoting hotel packages－including five-star and boutique establishments－along with tickets to scenic spots, at a discount of 20 percent to 40 percent.

The company witnessed a sharp stock increase on Friday to .13 per American depositary share, which doubles its IPO level in December 2019.

The company's share price gained 2.18 percent on the Shanghai bourse to 18.72 yuan Tuesday.

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The company, founded in 2008 and worth 0 million during its last fundraising round in September, 2015, is expected to be valued at .1 billion and titled unicorn if it could raise the target amount in this round.

The company, which was established in 2017 following the merger of Fortune 500 companies China Guodian and Shenhua Group, is now the world's largest producer of coal, thermal power, wind power, coal-to-liquids and coal-to-chemicals.

The company since last year has been suffering from regulatory hurdles and public backlashes after several safety incidents, which have also led to tightening regulations in China.

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The company is also embracing new tools such as livestreaming sessions to cater to the novel purchasing habits of Chinese shoppers.

The company was looking to extract more value from local milk production, and put less emphasis on overseas ventures, including its expansion in China. The company then moved to sell overseas assets, shut underperforming local plants to cut debt and reduce costs.

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The company’s second-quarter results will be released on July 23.?For 2015, Sheridan increased?his estimates to 5.2 billion in revenue, and .3 billion in adjusted operating profit from 2.7 billion and .6 billion, previously.

The company, which focuses on the production of key parts of machines that make face masks and other high-end equipment, has received an increased number of overseas orders since the end of February, according to Tang.