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The company's approach is to bring equal opportunities to the "little guys" and "underserved" that lack access to conventional financial services, said Qi.

The company reported strong growth in the second quarter of this year, as sales reached 4 million, up 12 percent year-on-year. The gaming and video collaboration categories showed particular strength and momentum, it said.

The company, which has already been listed on New York's Nasdaq for five years, plans to sell 12.5 million shares reserved for retail investors at no more than HK8 apiece, according to a prospectus filed with the Hong Kong Stock Exchange on Friday.

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The competition, which was held for the first time this year, saw 10 innovation projects covering artificial intelligence, robotics and the internet of things entering the final round held on Tuesday. Beijing LuxCreo Technology Co Ltd, a 3D printing specialist, won the first prize.

The company statement said that in June last year a resident surnamed Luo in Nanjing, Jiangsu province, called police when she was cheated out of 5,000 yuan after opening a website link in a text message.

The company said the?money will be used?to?help deliver an?open cloud platform for content, community and commerce.

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The company is now shunting for new sources of income and has identified online lending-a highly competitive and increasingly regulated arena. Sina said it can make use of data covering hundreds of millions of users that read its news, exchange messages on Weibo and access its websites.

The company looks forward to deploying more advanced technologies in this important market, in line with its vision of a future of zero crashes, zero emissions and zero congestion, Tsien added.

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The company often talks about the pillars of its business: its retail marketplace, Amazon Prime, Amazon Web Services. Many have speculated about the company’s fourth pillar, and artificial intelligence, led by Amazon’s digital assistant Alexa seems like as good a bet as any. Logistics underpin many of Amazon’s efforts, and a series of creative delivery methods have also become a signature element of the company.

The company's 5G self-driving minibus is set to make its global debut on the first day of the annual event. The vehicle will be used to help ferry participants to the venue during the conference.