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The company now has services covering nearly 400 major cities across the nation with over 3 million offline business partners and 150 online e-commerce platforms, according to Chen.

The company's gas production in the exploration and production segment and nonfuel business in the marketing unit should also post the fastest growth in the second half, she added.

The company plans to list on the New York Stock Exchange (NYSE) under the ticker symbol "BEKE," by offering 106 million American Depositary Shares (ADSs) at a price range of to per share, according to its latest prospectus filed Friday with the US Securities and Exchange Commission.

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The company plans to invest billion in artificial intelligence between 2020 and 2022, with China a main target market in which the company sees huge demand on the back of the nation's emphasis on artificial intelligence growth, especially in big cities like Beijing, Shenzhen, Guangdong province, and Hangzhou, Zhejiang province.

The competition, which was held for the first time this year, saw 10 innovation projects covering artificial intelligence, robotics and the internet of things entering the final round held on Tuesday. Beijing LuxCreo Technology Co Ltd, a 3D printing specialist, won the first prize.

The company's poor sales record was attributed mainly to the 737 MAX crisis, after two MAX jets were involved in two fatal crashes in October 2018 and March 2019. The two crashes killed a total of 346 people in Indonesia and Ethiopia.

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The company suggested that staying the modern luxury choice for customers that appreciate everything a Mercedes is about is equally as important as pushing ahead in the new technologies to compete against new players.

The company, ranked 89th this year with an estimated value of .3 billion, is one of the largest home appliance companies worldwide and has acquired US-based GE Appliances, Fisher & Paykel from New Zealand, AQUA from Japan and Italy-based Candy.

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The company's flagship Marketing Intelligence Platform could facilitate clients in making more scientific and efficient marketing decisions, according to Xie Peng, chief operating officer at iPinYou.

The company is one of the world's top providers of security scanning equipment, which has clients in about 50 countries.