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The company launched online parenting classes via livestreaming after the Lunar New Year. It has joined hands with online medical platforms like Chunyu Doctor and WeDoctor to provide digital medical consultation services.

The company, co-funded by the Guangzhou government and Sinomach, a major Chinese machinery manufacturer on the Fortune 500 list, specializes in the research and production of robots and intelligent machines and components. The company's goal is to go public in three to five years and generate 5 billion yuan (6 million) in annual business revenue by 2020.

The company's net profits attributable to shareholders in the first nine months are expected to reach 20.7 billion yuan (about .05 billion) to 21.2 billion yuan, more than 14 times that in the same period last year, the firm said in a statement filed with the Shenzhen Stock Exchange.

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The company, which intelligently organizes photos and videos in dynamic slideshows, has released a number of new features in recent months. Those include ?HD video, update iPhone capabilities and a new partner platform, but the company has a number of other feature plans in the works.

The company said in a statement: "As the world grapples with COVID-19, Huawei's global supply chain is being put under intense pressure and its production and operations face significant challenges. The company continues to do its best to find solutions, survive and forge forward, and fulfill its obligations to customers and suppliers."

The company’s stock is up 90% since March and was trading at around ,230 on Thursday before the market closed. Amazon’s market capitalization has risen to .6 trillion, right alongside Microsoft, which also beat earnings expectations this week. They trail Apple ( trillion) for the title of most valuable publicly-traded U.S. company.

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The company is best known, however, for its motorcycle taxi service — known locally as ojek. It launched in Jakarta in January 2015 with a pool of 700 riders, but today the number has burgeoned to more than 400,000 nationwide.

The composite PMI compiled by Caixin Media stood at 52.3 in May, unchanged from in April.

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The company is the latest in a series of Chinese tech companies flocking to list offshore. Meituan Dianping, an online food delivery-to-ticketing service provider, is also looking to launch an IPO in Hong Kong soon.

The components of the shipping label parachute.