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The company's stock price seemed to be undervalued in Hong Kong, which indicated that people's confidence in the real economy has been undervalued, Li explained. The company's return to the A-share market will bring more confidence to investors and industries, he added.

The company said it will continue to expand its nationwide footprint, further improve user experience on its platforms, reinforce its technology leadership through innovation, as well as pursue strategic alliance, investment and acquisition opportunities. Its major local competitors include Guazi.com Inc.

The company said it would further test off-airport bag-drop services starting from domestic flights, but there are many limitations for international flights.

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The company sold more than 380,000 vehicles in 2016, a year-on-year increase of 96 percent. It has achieved a more than 80 percent average compound annual growth rate for six consecutive years, from 2011 to 2016.

The company said it would replace the defective parts free of charge.

The company on Thursday reported its latest quarterly revenue of .28 billion, 5 percent higher than the same period in 2017. The reading edged out the .6 billion expected in an analyst survey by Refinitiv.

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The company's ambition came after the Ministry of Industry and Information Technology, China's top industry regulator, rolled out favorable policies to encourage enterprises to embrace cloud services.

The company plans to cooperate with Ant Financial, Alibaba's fintech giant, to personalize financial services for clients in the region, said its chairman Wei Qizhi at the 2018 International Forum for China Financial Inclusion in October.

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The company officially launched its AI Labs in Beijing on Friday, marking its latest step in expanding its research into AI-driven innovation, attracting top AI experts and boosting the development of smart traffic technologies.

The compound annual growth rate of the country's entertainment and media industry will reach 5.2 percent from 2020 to 2024, which is higher than the global rate of 5.1 percent, the report said.