The combined profits of China's SOEs rose 7.2 percent year-on-year to 1.82 trillion yuan (4.5 billion) for the first six months, the Ministry of Finance (MOF) said in an online statement.
The company has decreased its investment in traditional industries over the past decade, now only accounting for 45 percent, Wang added.
The company has said it helped boost Seattle's economy indirectly by billion between 2010 and 2016. Construction and service work has increased, catering to Amazon, and the company said it also helped attract other Fortune 500 businesses to Seattle.
The company has consolidated its semiconductor business by reshuffling subsidiaries, including one that paid about 18 billion yuan (.6 billion) to buy Linxens, a French smart chip components maker.
The company had previously used graphics chips from Imagination Technologies Group PLC, which put itself up for sale earlier this year after Apple said it would make its own technology.
The commitment shall reduce 600,000 tons of sulfur oxide emissions, equivalent to shutting down over 64 million National IV Standard trucks for a year, it said.
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The company has raised 270 million yuan from the country's two education giants TAL Education Group and New Oriental Education & Technology Group Inc, as well as the SIG Asia Investment Fund.
The company expects the Asia-Pacific region to account for 30 percent of its global sales by 2030, while China will continue to be the most crucial contributor in the region.
The company did not disclose the amount it aims to raise from the IPO.
The cloud computing arm of internet conglomerate Tencent announced in March the opening of four new data centers to enhance its international cloud computing presence. The new centers offer a range of solutions including storage, cloud security, big data, and artificial intelligence.