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The company will expand its current plants in India as well. Color TVs, refrigerators, washing machines, air conditioners and television set-top boxes are expected to be manufactured in the future, given India's more than 1.3 billion population that promises huge business potential.

The company's autos are already in use on the streets of Las Vegas in the United States, Moscow and will now be tested in Tel Aviv.

The company targets medium-high end consumers with Tujia, Ctrip rental vacation unit and Qunar, while it attracts younger tourists with Mayi.com. Fishtrip and Tujia's international operations will be united to serve Chinese travelers going overseas, particularly in the Southeast Asia region.

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The comprehensive regulation will include all innovation-driven businesses.

The company will inform customers via mail, text messages and phone calls.

The company said in a Monday morning statement that it operates under Chinese laws and regulations, and has never exported fentanyl-related substances abroad.

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The compound annual growth rate of the industry topped 20 percent between 2014 and 2019, significantly overtaking the 3.61 percent annual growth rate of China's foreign trade during the same period.

The company plans to set up a branch within one month for the new fund and pick some quality projects of Hainan's agricultural industry.

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The company said it will give preference to distributing the content and will work with the government, media, and cultural institutions to create such content.

The company said it expects to use the net proceeds from the proposed offering to enhance and expand its business operations, for research and development, and for general corporate purposes and working capital.