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The combined revenue of China's e-commerce, online travel, and digital media consumption in 2018 is estimated to reach 5 billion, ahead of the projected 8 billion in the United States and 4 billion in Europe, Yuen said.

The company earned a net profit of 36.9 million euros (.3 million) in the first half of the year, an increase of 32.4 percent compared to the same period in the previous year.

The company and its underwriter will confirm the IPO date and publish its prospectus following discussions with the stock exchange.

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The commission also urged banks to deepen their construction of professional mechanisms to provide stronger incentives for client managers to serve small and micro-sized enterprises, explore online lending services by further strengthening their integration with the internet and big data, and optimize the measures to monitor and analyze the flow of loans.

The company formed an internal investigative team to review the center's surveillance footage and deal with the people involved in the case.

The company has predicted its sales will hit 262 million yuan this year, huge growth from the 90 million yuan it reported last year.

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The commission said 693,800 pieces of discredit information involving 639,200 individuals with low credit records have been added to the blacklist in July.

The cloud is enabled by high-speed connectivity and sophisticated server technologies that have it made easier for large companies such as Amazon and Microsoft to build and maintain an unprecedented IT infrastructure around the world — something that is difficult, expensive or impossible for smaller companies to replicate. Rather than use their own data centers and servers, today’s developers and corporate IT departments are increasingly renting access on-demand from public cloud providers.

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The comments came as Xiaomi is set to unveil its first handset branded as Pocophone in India on Wednesday. It is part of the Beijing-based company's broader push to boost its popularity among foreign consumers.

The committee is expected to approve the charges sometime on Thursday. The full Democratic-led House is likely to follow suit next week, making Trump the third president in US history to be impeached.