The company plans to issue no more than 150 million shares to raise 2.98 billion yuan (1 million), with 1.71 billion yuan planned for the purchase of the less-than-truckload-shipping carriers, which transport relatively small?freight, according to its prospectus.
The company said it "immediately began investigating the incident and are working with law enforcement and outside cybersecurity firms. Data protection is a top priority at HBO, and we take seriously our responsibility to protect the data we hold."
The company said on Sunday it has not yet received any notification on changes to the projects, debunking rumors that all the contracts for projects in the new area became invalid after Saturday. The projects are still in the stage of planning and positioning, the company said in a regulatory filing.
The company, which also owns the Bloomingdale's and Bluemercury chains, operates about 775 stores nationwide.
The company plans to adopt more innovative customer-oriented and competition-oriented business models, and will focus on core products for 20 major country markets, which accounted for nearly 70 percent of its overseas sales in 2018, and two thirds of its global market revenues.
The company is also engaged in livestreaming, a popular marketing approach in China by having a dedicated host interact with prospective buyers in real time. Chen said gross merchandise volume generated from such channels could amount to 30 million yuan per month.
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The company said it also faces many restrictions when developing overseas markets. It needs to consider market growth potential, cultural differences, and laws and regulations.
The company’s Dash Smart Shelf is a WiFi-enabled smart scale that can sense when items such as toilet paper, office supplies and pet food are running low, and automatically place an order to replenish the supply. Amazon said Thursday that it’s now available for .99 to home and business customers.
The company pulled the plug on the idea in early 2008, instead focusing on home delivery of groceries. But shortly thereafter the company filed a patent on a mini-storefront concept, one which conceivably could have been used to warehouse products for customers.
The company, Lvdong Jiufeng, established several cooperatives that involve planting fruit trees, vegetables or grain. It also built greenhouses and eco-friendly restaurants in Huamao.