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The company will expand its operations to several key cities and regions before this year-end as China is projected to emerge as the largest source of tourists for Airbnb by 2020.

The company's autonomous delivery car is able to ferry food such as drinks, fruit and snacks from a local store to the residents. Embedded with leading camera, radar and GPS technologies, it can also avoid cars and passers-by automatically.

The company was taken private by John Paulson's hedge fund firm, Paulson & Co, for about 2 million in 2013.

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The comprehensive cross-border e-commerce pilot zones set up in 13 cities by the State Council in 2015 have since made notable progress, with cross-border e-commerce turnover doubling two years in a row. Some of their practices in customs clearance and logistics facilitation have been replicated nationwide and have helped boost entrepreneurship, innovation and industrial upgrading.

The company priced its shares at .26, just above the lower end of its .25 to .25 target price range on Wednesday on the New York Stock Exchange.

The company, which runs the majority of the nation's electricity distribution networks, had landed ultra high-voltage electricity transmission projects in Brazil.

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The company said it plans to use approximately 35 percent of the net proceeds of the offering for expanding its products and service offerings, both domestically and overseas. Other net proceeds will be used for the development of existing products and services, improving its technology infrastructure, marketing and brand promotion and the balance for general purposes.

The company, established in 1993 in Guangzhou, the capital of Guangdong province, plans to boost its production capacity and increase its efficiency of information and smart metro control systems by raising 537 million yuan (.68 million) through the public listing.

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The company is still investigating why South Korea saw so many such incidents this summer. BMW is recalling about 323,000 vehicles across Europe over concerns about the same exhaust component, but the company isn't yet sure whether EGR coolers have caused fires outside of South Korea, said Junghyun Kim, the South Korean BMW official.

The composite tourism consumption confidence index stood at 41.3, with the index for the current situation sitting at the bottom level at 13.8. The index for future expectation is 63.4, indicating a medium and low level.