The company did not disclose the total amount of funds it planned to raise, but Reuters quoted two people as saying in a report that Megvii aimed to raise least 0 million from the initial public offering.
The commission has earlier 10 market access implications, including one from Fubon Bank (China) Co Ltd to establish a subsidiary bank in Chongqing in Southwest China, another from ICBC-AXA Life to prepare for the establishment of an asset management company and a third from Korean Reinsurance Company to set up a subsidiary.
The comments have been perceived as a possible avenue for the two countries to reach a solution and avoid the chance of a trade war, which has many worried.
The cloud computing market is expanding fast worldwide. Last month, American market research firm Gartner's latest worldwide public cloud services revenue forecast showed the cloud computing market would reach 1 billion by 2020, driven by robust growth of services including IaaS, PaaS and SaaS, according to media reports.
The combined revenue of the ten major recycled resources, including waste steel and paper, amounted to more than 590 billion yuan ( billion) in 2016, up 14.7 percent from a year ago.
The communique of the session has stressed innovation, saying innovation should play a key role in China's modernization, with technological independence strategically supporting the country's development.
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The company generated 7.49 billion euros (.57 billion) in revenue worldwide in 2017, with an annual growth rate of 6.7 percent.
The collapse of a road that killed eight people in south China's Guangdong Province was caused by flooding.
The company has been steadily adding Prime benefits beyond the core offering of free two-day shipping. Amazon CEO Jeff Bezos said last year that the company’s goal “is to make sure that if you are not a Prime member, you are being irresponsible.”
The company earlier announced that it would charge non-members 0.5 yuan every 12 hours if they do not retrieve their packages from smart lockers within 12 hours of delivery. This extra charge will be capped at 3 yuan.