The company said it will use the proceeds from this round of financing to advance the commercialization of its consumer solutions for the China market, strengthen its global leadership position in informatics, and expand its capabilities in artificial intelligence and deep learning.
The company will invest 2.8 billion yuan over five years in R&D facilities.
The company's total installed power generation capacity reached 17.99 million kilowatts, accounting for nearly 30 percent of Guizhou's total. Photovoltaic power generation capacity reached 2.28 million kW.
The company now has three flagship stores in China, with one outlet recently opened in Wangfujing Street in Beijing, in addition to 60 Lego-certified stores in 18 cities in the country.
The company's earnings in China are partly driven by the stronger spending power of local consumers. Consumption power in lower-tier cities, in particular, has been revving up, according to Koay.
The company recently secured an order for supply of more than 50 boarding bridges worth 130 million yuan from Chile's Santiago International Airport, the biggest such deal in the South American market.
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The company said it has launched a multi-language site to translate some of the most successful online novels in China for overseas readers as it aims expand its multibillion-yuan business globally.
The company, which went public at per share last November, has a market value just over billion. The stock peaked at in February.
The company operates coffee shops in major US cities and in Japan, with a unique minimalist style that also incorporates elements of the surrounding neighborhood. The total number of Blue Bottle Coffee shops was about 55 at the end of 2017. Blue Bottle Coffee has also launched super premium ready-to-drink and roast and ground products, sold online and in the offline retail market.
The company noted the peak for train transport is expected to be on Oct 1-the first day of the National Day holiday-with 13 million passenger trips.