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The company says in an SEC filing that it will use the proceeds from the debt offering for “general corporate purposes, which may include repayment of debt, repurchases of outstanding shares of common stock, acquisitions, investments, working capital, investments in our subsidiaries and capital expenditures.”

The company said it will not look for another site for a second corporate headquarters to complement its Seattle home base: "We will proceed as planned in Northern Virginia and Nashville (Tennessee), and we will continue to hire and grow across our 17 corporate offices and tech hubs in the US and Canada."

The company's toothpaste contains microscopic particles of bioactive glass that act as reservoirs for calcium, phosphate and fluoride. When applied during brushing, the glass binds to the surface of the teeth.

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The company's net profits attributable to shareholders hit 971 million yuan (1 million) in H1, up 12.55 percent year-on-year, according to its semi-annual report filed with the Shanghai Stock Exchange.

The company said the e-card will never replace physical ID cards, but will complement such purposes for users' convenience. The e-card comprises codes linking to a certain person and can protect users' personal privacy, it added.

The company's net revenue rose by 66.8 percent to 6.29 billion yuan (7 million) in Q2, according to its unaudited financial report released Wednesday.

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The company's overseas investment mainly focuses on countries and regions involved in the Belt and Road Initiative, Wen said.

The company has, however, shifted focus to Hong Kong, the people said, as the city's exchange operator is about to allow dual-class shares, which potentially allow founders to weight share voting rights in their favor.

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The company－also founded by seven retired soldiers in what was then rural Wuxi－began by making hemp rope for ships plying the Yangtze. It evolved to become one of China's first fiber-optic-cable manufacturers.

The company officially marched into the catering robotics sector by setting up Qianxi Group in May 2019. So far, 300 million yuan (.4 million) has been poured into the project, 80 percent of which was used for research and development and intelligent manufacturing, said Qiu Mi, assistant executive officer of Country Garden Group and general manager of Qianxi Group.