The company, one of the three biggest oil and gas companies in China as well as a leading supplier of medical raw materials, earlier responded by turning itself into a leading company for meltblown nonwoven fabric, the essential raw material for medical masks, filling a demand gap and taking advantage of its resources in channels, network and branding.
The company partnered with East China Normal University to publish an AI textbook for high school students back in 2018.
The company's China operations witnessed a volume growth of over 10 percent last year and China remained the US firm's second largest international market.
The company was recently awarded a license to trade commercial fuels in China's domestic wholesale market. It is the country's first such license for a wholly-owned foreign company.
The company was initially called shoesite.com, but rebranded shortly after their initial launch because their goal was to deliver the best service online- and not just in shoes.
The company unveiled its new 8K TV product Q71, which supports 8K signal reception, decoding, image signal processing and screen display.
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The company, one of China's largest insurance groups, said its operating income last year reached 354.363 billion yuan.
The company, based in Shen-zhen, Guangdong province, said these new charges are without merit and are based largely on recycled civil disputes from the past 20 years that have been previously settled, litigated and in some cases, rejected by federal judges and juries.
The company's self-developed ULED technology, which enhances color, contrast, resolution and motion with a combination of advanced hardware and software, and outstanding local supply chains, have helped Hisense to give effective and timely feedback to the market, said Liu.
The compound annual growth rate of the industry will be around 20 to 25 percent, among the fastest rates around the world, it said.