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The company said it will not look for another site for a second corporate headquarters to complement its Seattle home base: "We will proceed as planned in Northern Virginia and Nashville (Tennessee), and we will continue to hire and grow across our 17 corporate offices and tech hubs in the US and Canada."

The company said videos purchased or rented through Amazon Instant video more than doubled in the fourth quarter, compared to the same period a year ago, as did Amazon Instant video customers. Videos streamed by Prime subscribers rose nearly 300 percent compared to the third quarter, the company said.

The company officially launched its AI Labs in Beijing on Friday, marking its latest step in expanding its research into AI-driven innovation, attracting top AI experts and boosting the development of smart traffic technologies.

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The company, founded by serial entrepreneur Lei Jun eight years ago, posted second-quarter net profit of 2.1 billion yuan (9.1 million) on Wednesday, in its maiden financial report unveiled on the heels of its .7 billion Hong Kong listing.

The company's first test launch took place on May 25, 2017, reaching space but not achieving orbit. It was the first orbital-class rocket launched from a private launch site in the world.

The company said with China's fast 5G development and Ford's own rapid progress in C-V2X, customers in China will be the first to receive the benefits of this smart technology, which will help make local streets safer and less congested.

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The company's first 5G smartphone will be launched in the first three months of 2019, he added.

The company’s first product, known as Bridge, allows for real-time communication between servers and?Internet-connected devices like laptops and mobile phones.

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The company said it will raise the minimum age to purchase guns in its stores to 21 and will stop selling high-capacity magazines.

The company said the series C financing will support its future growth and help consolidate its leading position in the industry.