The company?said the .5 million investment will be used to fulfill demand, expand global operations and continue research and development.
The company's various e-commerce platforms, including Taobao and Tmall, provided about 15.58 million jobs for online retailers in 2018, according to a report from Renmin University of China.
The company set its target for contracted sales in 2018 at 550 billion yuan, up about 10 percent year-on-year.
The company said it has actively explored both domestic and overseas markets and optimized product structure.
The company will complete mixed ownership reform by the end of this year, according to an earlier report. At that time, the wholly State-owned machinery giant will be transformed into a diversified firm that is dominated by State-owned capital and engaged with private investment, the report said.
The competing momentum is in line with the growing popularity of short video platforms, which are "set to have the biggest growth potential across all media forms in the coming two years", said Liu Yuan, an analyst on China internet research at UBS Securities.
镇海专门治白癜风的科室
The company will further invest in social customer service coverage across the most important social media platforms in China.
The company now controls approximately 2.89 million square feet of current and future office space, all in the downtown area, according to a quarterly report from real estate firm Broderick Group. That includes several buildings Amazon leased and land it bought with plans for future projects.
The company, to be listed on China's A-share market at the Shanghai Stock Exchange, will raise funds of 30.63 billion yuan (.40 billion) in net price at 4.88 yuan per share, according to its statement filed to the stock exchange.
The company said it plans to bring the total number of certified stores to 140 in China by the end of 2019 covering more than 35 cities in the country.