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"Floating on Nasdaq is both a milestone and a starting point for 111 Inc and our mission is much bigger than public listing on the stock market," said Yu Gang, co-founder and executive chairman of 111 Inc.

"Forty years ago, a train with a speed of more than 40 kilometers per hour was the most efficient transportation on the Qinghai-Tibet plateau. So being a train engineer was an extremely honorable thing for a family," he said.

"For many very good high-tech American companies, they're increasing their investment or their operation in China. Companies like Tesla are a good example because they see the market potential. They want to be part of China's economic growth. They want to contribute to it and they certainly want to benefit from it. So we welcome them all and will create a much better environment for foreign investment, better rule of law, etc.," he said.

"Global talent is also needed. It is very difficult to rely solely on China's independent innovation to succeed. Why can't we embrace the world and rely on global innovation?" Ren added.

"For example, if we detect suspiciously high usage of water and electricity in one apartment using smart electric meter readings, there is a good likelihood of group-renting, and we will report that to the local public security department," said Chen Jihua, the company's innovation business director.