The company, employing more than 40 staff, most of whom are under 30, is only one example of China's emerging commercial space industry.
The company plans to build a science research and innovation center in Nansha, part of the Guangdong Pilot Free Trade Zone.
The company's signature bright yellow bikes can be found at both iconic landmarks and tranquil street corners around the city, and are quickly gaining popularity among locals and tourists alike.
The company said it rolled out digital versions in Chinese language of over 20,000 books from 36 countries to target the 180 million primary, middle and high school students in China, aged 7 to 18.
The company said that it plans to carry out a small round of pre-initial public offering financing that will give ByteDance an 80 percent stake in TikTok Global, a newly established company following the proposed deal with US partners Walmart and Oracle.
The company's self-developed cancer drug, known as Brukinsa (zanubrutinib) in capsule form, was granted market access by the National Medical Products Administration in June this year.
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The company receives foreign clients from time to time. "If they are interested in the history of the boat, we tell them the story and even bring them to the lake to see the real boat," said the chairman.
The company was waiting for the granting of an immovable property rights certificate, an indispensable document for banks to lend money to it.
The company was created by Kevin O’Connor, who previously founded DoubleClick, which eventually sold to Google for .1 billion.
The company is currently making a polar research icebreaker-the first to be built from the keel up by China-at the Jiangnan Shipyard, and the country's first marine resources survey ship at the Huangpu Wenchong Shipbuilding Co in Guangzhou, Guangdong province.