The company is just one of many in the region's e-commerce industry to benefit from the pandemic.
The company, however, said it will continue to emphasize on its main business, reduce expenditure and seek help from shareholders. Though there has been no substantial improvement in the overall situation until now, it will continue to stay in close communication with the related parties, it said.
The company’s underwriters include a who’s who list: Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley and Citi.
The company said that using text understanding technology combined with a language model and knowledge graph, the smart platform offers full-process medical services covering pre-, during-and post-diagnosis to the public.
The company shook up the tablet market with the 9, 7-inch Kindle Fire, subsidizing the device itself in hopes of selling more movies, music, Amazon Prime subscriptions and other products to users of the tablet. The need to work with wireless carriers could make it tougher to follow a similar approach with a phone. However,?the company does have plenty of experience in the smartphone market as a retailer through its Amazon Wireless store.
The company refused to comment on details of the price increases.
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The company is a result of the megacity's latest push in online exhibitions under the municipal guideline of developing the online new economy, where 12 key industries were highlighted to chart the city's future course.
The company, which put its valuation at billion, received a D-round financing of more than 0 million in 2016.
The company is also working to incorporate artificial intelligence into more areas of education, such as an interactive learning system and a language ability assessment system that can improve the efficiency of learning and teaching a second language.
The company supplied more than 18.2 billion cubic meters of natural gas to the Guangdong-Hong Kong-Macao Greater Bay Area last year, more than 70 percent of the region's total gas consumption.