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The company said that it remained committed to creating as many as 13,000 jobs in Wisconsin and would "actively consider opportunities" involving flat-screen technology. But it said it also was "examining ways for Wisconsin's knowledge workers to promote research and development".

The company issued a statement on Wednesday evening saying the board has approved the initial proposal to list on Shanghai's STAR Market.

The company realized sales of more than 7 billion yuan last year and plans to get publicly listed on the Shenzhen Stock Exchange later this month.

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The company's fiscal results showed its accounts receivable and long-term receivables reached 10.8 billion yuan, accounting for 66.9 percent of its total assets.

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.

The company signed agreements worth 14.3 billion yuan (.08 billion) with both domestic and global shipowners and clients in the areas of shipbuilding, ship-leasing and ship-financing on June 27 in Beijing.

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The company launched its latest agricultural drone, the T16, on Tuesday, which features an upgraded loading capacity, as well as dynamic systems to increase working efficiency and accuracy. Drone operators who use such drones can spray pesticides on about 10 hectares of farmland an hour.

The company said it is also mulling to replicate such online platforms in long-term disease management for patients suffering from other chronic diseases.

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The company said it began setting up branches in the United States and Germany in 2014, with its overseas projects accounting for 60 percent of its business in 2018.

The company's main competitors are northern Europe-headquartered Ericsson and Nokia, which have joint ventures with Chinese companies in China that churn out telecom equipment sold widely in and outside China, she said.