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The company noted it would use the IPO proceeds primarily for expanding branch network, upgrading IT infrastructure, as well as seeking more capital through launching additional funds, and making fund investments and acquisitions.

The company previously discontinued bike deliveries for its Amazon Fresh grocery service.?We’ve?contacted Amazon for comment on the decision, and we’ll update this post when we hear back from the company.

The company is making an aggressive push into apparel. Last year it launched seven private-label clothing brands?and last month reports surfaced about the launch of an Amazon-owned line of bras. Job listings also indicate Amazon is working on its own line of active-wear.

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The company, which counts Apple, Samsung and LG among its clients, received final approval for its IPO just eight days after the exchange completed the review of its application.

The company said on Monday evening that its revenue reached 158.99 billion yuan (.1 billion) in the first half of this year, an increase of 16.29 percent year-on-year. Net profit hit 5.44 billion yuan, up 2.24 percent compared with same period last year.

The company's main products are memory chips and storage modules. From 2017 to 2019, the company enjoyed 42.43 million yuan in tax concessions.

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The company is to close its 3G standard TD-SCDMA base stations in Fuzhou, East China's Fujian province, according to a notification from the city's radio regulator.

The company is waiting for government approval to increase the admission price from 30 yuan to 80 yuan later this year, said Duan Heng, general manager of the company.

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The company made decisions for the respect of Czech culture and traditions. "Brewing and football are associated with Czech culture and lifestyle. So we invested and saved the entities," Wang said.

The company is willing to form industrial alliances with Chinese SOEs and private companies to improve its strength abroad and minimize operational risks, Zhou said.