The company said it will focus on globalization, development of intelligent offices and construction of entrepreneur towns in the future, Mao said.
The company's sales network covers 14 countries and regions and it plans to establish subsidiaries in Hong Kong and the United States by the end of this year, Feng said.
The company, which has an initial staff of 20, expects to start producing the lipsticks by the end of this year.
The company said its profit was predicted to surge at a pace ranging from 50.61 percent to 73.43 percent year-on-year.
The company said on Wednesday it had moved a vessel closer to a possible search area. The vessel left Durban, South Africa, on Tuesday and was headed to Perth, Australia, Reuters shipping data showed.
The company today announced that longtime execs Andy Jassy and Jeff Wilke will now hold the titles of CEO, albeit in their respective divisions. Jeff Bezos remains the CEO of the entire company, which has aggressively diversified its business beyond online commerce in recent years to include devices, media, gaming, cloud technologies and logistics.
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The company raked in 99.3 billion yuan (.09 billion) in the fiscal quarter ending Dec 31, marking the 10th consecutive quarterly growth, according to its financial statement released Thursday.
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 is looking to introduce a number of eye care and correction solutions in China in 2019.
The competition, co-hosted by Beihang University, also named Beijing University of Aeronautics and Astronautics, and Beijing Institute of Technology, aims to support innovative teams from colleges and academies and promising high-tech startups in the fields of aerospace engineering, new material development, information technology, automotive engineering and artificial intelligence, by connecting them with erudite experts, experienced entrepreneurs and shrewd investors.