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The company has achieved cumulative trading volume of one trillion yuan on its platform within three years since the launch of the Tiger Trade APP, said its prospectus.

The combined SOEs' profits went up 17.3 percent year-on-year to 2.8 trillion yuan (0 billion) in the Jan-Oct period, the Ministry of Finance (MOF) said Tuesday. The growth pace was largely stable, although slightly slower than the 19.1-percent rise registered in the first nine months.

The company has seen a consecutive increase in sales from January to April this year.

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The coming meeting between Premier Li Keqiang and Russian Prime Minister Dmitry Medvedev will enable deeper cooperation in various areas between China and Russia, said Andrey Kostin, CEO of VTB Bank, Russia's largest financial group.

The company had not been actively seeking a buyer, Brady said, adding that the deal opens up huge potential to reach the Chinese market, which is of major strategic advantage.

The company has already opened stores in Beijing and Shanghai to sell such products and will open more stores in Wuxi, Zhejiang province, and Nanjing, Jiangsu province, in the second half of this year, assisted by its domestic retail networks.

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The company also sold out all 1,000 original cat's paw glasses shortly after launch on Feb 28.

The commission said that with an increase of 34 asymptomatic cases, including one imported, in the 24 hours ending Thursday at midnight, 979 people harboring the virus but showing no symptoms are still under medical observation and 157 of these are imported cases.

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The company expects vehicles for new mobility services will account for 13 percent of new sales in 2020, rising to 20 percent in 2025.

The company forecasts that smart cities would diversify in the coming five years, with capital growing fast in vehicle-to-everything connectivity, digital twin and open data.