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The company plans to use the net proceeds of its offering primarily for general corporate purposes, which may include investment in product development, sales and marketing activities, technology infrastructure, capital expenditure, improvement of corporate facilities, and other general administrative matters, said its prospectus.

The company will continue to increase investment and employment in the North American country, said Yan.

The competition of internet businesses has entered the second half, in which the paces of disruptive innovations have slowed down, and a new trend of online-offline integration is becoming even more popular.

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The company says it’s “significantly faster” and has stronger Wi-Fi capabilities for better performance. It also has new features, like the ability to connect to Amazon’s Mayday service for customer support.

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

The company set up an office for leading mixed ownership reform, selected professionals to take charge of investment and financing, risk control, established cooperation with well-known intermediaries, and formed professional working teams, he added.

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The company's newly launched plan is also its latest globalization step after it raised 0 million in a recent round of financing, which was the world's largest-ever fundraising in the field.

The company's increasing use of the internet of things and its subsequent growth have managed to offset the impact of the sluggish garment retail sales in China on the sector's fortunes.

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The company said it has independently developed control panels, although speed reducers, servo motor are imported. In 2014, Siasun established a subsidiary engaged in producing core components for robot manufacturers, expanding to the upstream of the industrial chain.

The complementary roles as importer and producer of natural gas have created win-win deals that could bridge the demand-supply gap among many countries.