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The company plans to list on the Nasdaq Global Market under the symbol "WSG," with an expectation to raise up to 0 million, according to its prospectus filed with the US Securities and Exchange Commission.

The company is looking to double its presence in the country in the coming three years, as China proactively attracts foreign investments as part of an effort to shore up the economy.

The company said it would continue to advance its internationalization strategy to bring homegrown innovation from China to new markets in the future.

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The company will carry out cooperation with more car manufacturers next year, a move to promote the development of self-driving technology, and there are about 90 partners on its open autonomous driving platform Apollo, according to Li.

The company’s decision to use its own products to reinforce the value of Prime is particularly smart, and provides a virtuous cycle. In theory, you could see how Prime members will be happy because they saved money on a tablet, but they will also be happy to remain members for the free video streaming and Kindle book rentals.

The company’s cloud business has quietly been making a similar move, on a smaller scale. After getting their start in temporary locations several years ago, AWS Lofts have evolved past their initial “pop-up” status with permanent locations in San Francisco and New York. Just last week, Amazon Web Services opened a new AWS Loft in Tokyo.

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The company said last month it had been certified by global family physician organization WONCA for its AI healthcare system, which had accumulated 670 million consultation records. During the pandemic, the system made 1.11 billion consultation records, it said.

The company's photovoltaic power projects reached a total installed capacity of 289.39 megawatts, capable of generating 310 million kilowatt hours per year.

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The company's sales surpassed 150,000 in the first three months of this year.

The company's valuation now stands at 752 billion yuan. Earlier, it became the first consumer stock with a market value exceeding 1 trillion yuan.