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The company released the standard on Thursday during the Fortune GlobalTech Forum, which lasted from Thursday to Friday.

The company, based in Zhongshan of Guangdong province, focuses on the research, manufacturing and sales of office furniture. It has a production base of 600,000 square meters in China and abroad.

The company said the site was developed to meet the demands of customers who wanted to use its cameras to livestream images that promote their business, such as showing off the scenery at a tourist spot or demonstrating a farm's cleanliness to boost sales.

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The company's China marketplace, which has stocked products from Chinese as well as overseas merchants, struggled to gain a foothold in the country's fiercely competitive e-commerce market. Consumer insights firm iResearch Global said that Alibaba Group Holding Ltd's Tmall marketplace and JD.com held 81.9 percent of the Chinese market last year.

The company's second quarter sales were .33 billion, outstripping market estimates.

The company remains cautious toward making inroads into the US market, although a lot of its R&D staff graduated from US universities.

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The company set up its Asia-Pacific headquarters in Shanghai in 2018. Apart from the planned distribution center, the company so far has set up three logistic centers in the country. Two of them are in Suzhou, Jiangsu province, and one is in Tianjin.

The company may face some competition from Missouri-based startup Orange EV, which exclusively focuses on terminal trucks but does not build them from the ground up, instead retrofitting its electric motors into diesel truck bodies.

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The company's ninth LNG terminal entered operation in early August, its fourth in Guangdong, with a receiving capacity of 4 million tons per year.

The company invested 1 billion yuan (1 million) in the 150MW floating photovoltaic power station, located in Huainan, using the water surface from an area of coal mining subsidence.