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The company, which operates Shanghai Pudong International Airport, the country's second largest airport in terms of passenger volume, said its business revenue is estimated to rise 15.9 percent from a year earlier, to 8.06 billion yuan in 2017.

The company logo of Li & Fung is displayed on a glass door at Li Fung Tower where the company is based in an industrial district in Hong Kong Aug 3, 2012. [Photo/Agencies]

The company, however, decided to step forward and hit the play button, Yu said at its annual developer conference in Dongguan, Guangdong province, last week.

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The company owns brands including Nescafe and Nespresso. Nescafe is the world's leading coffee brand available in more than 180 countries. Nespresso has over 600 boutiques and about 465,000 daily visits to its e-commerce platforms.

The composite Caixin PMI, which combines manufacturing and services indexes, was 53.7 in January, up from 53 in December, the highest in seven years. Analysts said it is an indication of stable growth in the world's second-largest economy.

The company plans to establish a smart education base, expanding the scale of an online education platform to have 4,000 employees in three years. It is also eyeing to set up an offline experience center in Wuhan, which it then hopes to spread across the country.

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The company is the latest in a series of Chinese tech companies flocking to list offshore. Meituan Dianping, an online food delivery-to-ticketing service provider, is also looking to launch an IPO in Hong Kong soon.

The company set up its Asian headquarters and production base in North China's Hebei province as China is an attractive market, said Li.

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The concept behind the Greater Bay Area also provided the inspiration for Chan's business. While working on a project related to the construction of the Hong Kong-Zhuhai-Macao Bridge, Chan saw the potential for greater cooperation and wanted to build a bridge of his own: a platform to connect Chinese mainland engineers and their Hong Kong, Macao and overseas counterparts.

The company officially launched its service in Shanghai in April 2016. In just over a year, it has raised more than 600 million U.S. dollars to finance overseas expansion. It now has 6.5 million shared bikes in 150 cities globally.