The company also plans to carry out in-depth cooperation with Chinese commercial giant Suning Holdings Group in both its online and offline retail channels, to launch innovative products attractive to young shoppers in China, said Kwon.
The commission has vowed to strengthen IPO regulation and keep a close eye on the practice of faking documents and dressing up company performances.
The company has been looking to extend in the auto industry chain with a second-hand car trading platform and a car financing platform. UCAR listed in the New Third Board, the national over-the-counter equity market for small and medium-sized enterprises, last year.
The comments came after the annual Central Economic Work Conference said China must reinforce the pivotal role of investment, facilitate the upgrading of manufacturing technologies and devices, and accelerate the commercial use of 5G networks.
The company has more than 400 stores and clubs in China, and has been building e-commerce operations there since the end of 2010.
The company has not yet selected a specific location for the French mobile base station plant.
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The collapse happened at a construction site along the city's metro Line 11, at the intersection of Guangzhoudadao Road and Yudongxi Road, causing a cleaning vehicle and a scooter to plunge into a watery pit some 38 meters deep.
The company claimed it had partnered with nearly 300 multi-channel networks, which will offer abundant video clips for its open database.
The company has set up 14 R&D centers worldwide and 36 joint innovation centers.
The combined assets of the banks reached 154.34 trillion yuan, a 13.9 percent year-on-year increase.